AUD/NZD Daily AnalysisSince testing and rejecting the demand zone at 1.1170 for a second time, we have seen price gradually descend back towards the rising trendline.
Thursdays price action saw a close below the trendline and a possible push from the sellers to test the water.
Friday saw buyers back in play but price still closed below the broken trendline.
Retest of the trendline or false break?
AUDNZD trade ideas
AUDNDZ Massive Long! BUY!
My dear followers,
I analysed this chart on AUDNDZ and concluded the following:
The market is trading on 1.1064 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1078
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
AUDNZD: Growth & Bullish Continuation
Looking at the chart of AUDNZD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDNZD Considering a long position on AUDNZD, supported by the following fundamental and technical factors:
Fundamental Factors:
Monetary Policy Divergence: The Reserve Bank of New Zealand (RBNZ) recently reduced its benchmark interest rate by 50 basis points to 3.75% to stimulate the economy. This aggressive easing contrasts with the Reserve Bank of Australia's (RBA) more stable monetary stance, potentially weakening the NZD relative to the AUD.
REUTERS.COM
Technical Factors:
Support Levels: The AUDNZD pair has shown a strong rebound from its recent low around 1.1025, indicating robust support and potential for further upward movement.
INSTAFOREX.COM
Technical Indicators: Current technical analyses suggest a 'Buy' signal for AUDNZD, with moving averages and oscillators aligning to support this bullish outlook.
Given these factors, a buy position on AUDNZD appears favorable. As always, ensure proper risk management and stay updated with economic developments that could impact this trade.
Note: All trading strategies involve risk, and past performance is not indicative of future results.
Bullish bounce?AUD/NZD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.1031
1st Support: 1.0991
1st Resistance: 1.1086
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AUD/NZD - Strong sell IdeaThis chart has had some clean previous price action.
Long term we have been bullish and Im going for a counter Trend trade into a possible breakout
We have a strong sell indication with Bearish pressure failing to take out the previous high.
Id like for price to return slightly higher into our supply zone but I do believe that price will breakout before returning higher.
This will be posted in my $100-$1000 chat so many sure to message to be apart of that.
Risking 25Pips for a return of 175Pips
Good luck to any trades that might follow