Audnzdlong
AUDNZD Is At The UTL Breaking The CTL With A Bullish CSFThe Market Is At The Up Trend Line, This Is The 3rd Hit of This Trend Line,
The Market Created A Bullish Candle Stick Formation At That up Trend Line And Broke The Counter Trend Line,
I Believe The Market Has A Big Chance of Going Up To Hit The Old Past Support To Become Future Resistance,
But The Market Also Created In The Past Equal Lows A little Lower of This Trend Line As You Can See, So If The Market decides To Break That Trend Line I Will Renter Again At The Support.
~ Hitting The UTL
~ Bullisg CSF
~ CTL Break
I hope You Find Some Value in This Trade Setup,
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AUD/NZD: BUY *UPDATE*Update on my post on AUDNZD yesterday, we have now gotten clear signal with a great reversal candle on the daily chart,it also aligns perfectly with the resistance zone.
Now is a good time to get into this trade.
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AUDNZD Analysis: Price may reverse upwardsLately this pair has had a very deep drop in price. It has reached the support line of a rising channel to test it for the third time.
The price is very likely to move towards the resistance line of the channel and of the major falling channel.
Lets wait for bullish reversal confirmations to go long for the pair.
AUDNZD LongAfter a long short, we do interested to see AUDNZD pair making a comeback from the low, but from the 1st week of Dec the selling pressure shows no stop. But currently it at a price of interest where a possible pullback is possible but bare in mind, break of the blue box area might be visiting 1.035 area again. We expect a pull back for this soon.
AUDNZD downside break quickly runs into a key stumbling blockThe key support level has been a level that buyers have leaned on for possible pullback.
The strong kiwi flows over the past two weeks have been in AUD/NZD as the pair slides back under 1.05 for the first time since August.
watch price action for possible pullback