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Audnzdbuytrade

AUDNZD BullishWeekly average price above Monthly Resistance 1.09329 is now support1 Support 2 is 1.07745 A break below 1.077745 is bearish trend(red arrow) AUDNZD could close 3days in row above 1.9 support zone Many technicians will recognise this as a potential trend reversal to the upside. Fibonacci enthusiasts may also acknowledge that the dynamic value, which may serve well as resistance if challenged, is accompanied by a moderate Fibonacci cluster around $0.6681 (38.2% and 61.8% Fibonacci retracement ratios). Therefore, technically, this could prove a problematic headwind. The levels above 1.11 are untested Highs and AUD will try to fill them
Long
by DaveBrascoFX
AUD/NZD Broke Out of Channel With A Bullish Candle And Volume We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support, if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the previous down channel with a increase in volume as you can see, besides all that we are at a pretty weekly low as well. So in conclusion what we have, 1) Full Body Bullish Candlestick Formation 2) Break Out Of The Channel 3) Increase In Volume 4) Double Bottom Support Now you have to make the decision if this gives you enough confidence to buy, don't just jump in out of FOMO, take a few minutes off to assess it for yourself and create a plan, be mindful when you enter the trade. Happy Trading!!
Long
by ElyaStein