FX:AUDNZD H4 Chart analysis, If its reach the below support level i think it should good opportunity for long trade.
AUDNZD is now testing a major support level which is a good buying opportunity. Buy above 1.0551. Stop loss at 1.0474. Take profit at 1.0823. Reason for the trading strategy (technically): Price is now testing major support at 1.0551 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish harmonic formation) and a strong bounce could...
Technically, i think this is a good area to consider going long this pair as its minimum Fractal formation has been met.
retrace back to the pivot point and then a potential long position
Over the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year. Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be...
Two scenerio conform our view on Audnzd ,,,, First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,, 2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and...
The AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of...
Long set up Bullish above 1.0925 with profit target at 1.11 There is a possible pullback to broken trendline around 1.087 - 1.083 before moving higher Alternatively bearish below 1.075
AUD came out with a bit disappointing retail sales, giving fuel to this downfall against NZD. Volume is showing cash build up, rsi and macd is leaning toward lower price tag. Let it break 10EMA before going short. Also be aware Cash Rate and RBA Rate Statement comes out today in Australia.
1.05 - key resistance level Bullish outcome: 1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it. 2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it. 3. Bounce of around 1.045 and then close above 1.05 Alternatively bearish daily candle closing below 1.045 and open the way to...
Looks like AUDNZD is making an AB=CD pattern. It just broke made a new structure high and is retesting it. If this retest of the new support hold it may go up to the 1.0588 level. If the AB=CD complete at the 161,8 extension you can short it at least to a 0,38 fib correction.
This pair is in the formation of an abc pattern. You can see the shape of this pattern right from the chart. However, a break below the downward trendline may break this concept. Keep following for further update.
The #AUDNZD looks to be nearing the end of wave 1 as it reaches resistance at the previous wave 4 high. I would expect to see a pull back soon to start the 2nd wave down. Targeting 1.04500.
Price made a few failed attempts to break higher but quickly reversed at resistance area 1.0520-1.0545 I expect the pair to find support before bearish traders return to fade into any moves towards 1.0426 resistance to target 1.0285 as 1997 lows. A break beneath here should see.the 2015 lows.