AUD-NZD Local Long! Buy!
Hello,Traders!
AUD-NZD is about to retest
A strong horizontal support
Level of 1.0912 and as we are
Bullish biased we will be expecting
A local bullish rebound
Buy!
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About Australian Dollar / New Zealand Dollar
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
Related currencies
AUDNZD finding support on critical EMAsAUDNZD is finding support at the daily 200EMA (overlayed on 4H chart) and, more significantly, above the monthly 20EMA (overlayed). Break and hold the daily 10EMA (overlayed) will be key.
If the momentum continues we could see a continuation of the ongoing rally however recent AUD monetary policy m
AUDNZD: Bullish Move After Breakout📈AUDNZD has surpassed and closed above a key horizontal daily resistance level.
After retesting this broken structure, the price rebounded and broke above a resistance line of a falling wedge pattern, suggesting a strong likelihood of a bullish trend resumption.
The price is expected to reach th
AUDNZD Descending Triangle – Bearish Breakout SetupOn the 1-hour chart, AUDNZD is forming a descending triangle 📐, a bearish continuation pattern.
- Horizontal support is holding but getting repeatedly tested
- Lower highs indicate selling pressure
Plan:
- Break and close below support may trigger a bearish continuation
- Target: 1.08750 🎯 (≈
AUD-NZD Rebound Ahead! Buy!
Hello,Traders!
AUD-NZD made a retest
Of the wide horizontal support
Level again at 1.0909 and we
Are already seeing a bullish
Reaction so a local bullish
Rebound can be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade
BULLISH BIASPrice previously broke upper structure to form new high before a pullback to support to sweep liquidity.
Right now, support having been touched became a demand zone pushing price up.
Price incidentally came back down to it's present zone to form double bottom which right now is a goid place to ente
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the AUDNZD pair is quoted as 1 AUD per x NZD. For example, if the pair is trading at 1.50, it means it takes 1.5 NZD to buy 1 AUD.
AUDNZD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade AUDNZD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.