NZDAUD trade ideas
#AUDNZD bearish continuation scenarioAfter a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C.
This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.
Trading the Inflation Sandwich: What to Watch?Trading the Inflation Sandwich: What to Watch?
US CPI inflation (Consumer Price Index).
The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%.
This ongoing cooling of inflation could bolster expectations for the Federal Open Market Committee (FOMC) to lower interest rates in September.
Should inflation continue its downward trajectory, the FOMC may shift its focus to job numbers with greater intensity.
Reserve Bank of New Zealand (RBNZ) rate decision
Of the 31 economists surveyed by Reuters, 9 expect the central bank to maintain its Official Cash Rate (OCR) at 5.5% for the ninth consecutive meeting, while 12 forecast a 25-basis point rate cut.
A decision to hold could lend support to the New Zealand dollar (NZD), whereas a rate cut might exert downward pressure.
Traders might like to keep an eye on the AUD/NZD cross, with key resistance and support levels possibly at $1.0975 and $1.0843
UK CPI inflation
Following the Bank of England’s (BoE) recent decision to cut the Bank Rate by 25 basis points to 5.0%—the first reduction in four years—a fresh inflation report is due from the UK.
Headline CPI inflation for July is expected to rise to 2.3% year-on-year from June's 2.0%, with estimates ranging from 2.0% to 2.4%.
Core inflation, which excludes volatile items like food and energy, is projected to hold steady at 3.5%, with a slight margin of variation between 3.3% and 3.5%.
AUD/NZD In Focus Ahead of RBNZ Rate AnnouncementThe AUD/NZD cross will be interesting to watch ahead of the Reserve Bank of New Zealand (RBNZ) rate announcement this week.
Areas of Focus
Areas of focus heading into Wednesday’s risk event include three key resistance levels at NZ$1.0975 (entered the fray last week), NZ$1.1028, and NZ$1.1051, with the lower of the three boasting strong historical significance. Support to be cognisant of includes NZ$1.0880, a level that happens to be closely shadowed by trendline support extended from the low of NZ$1.0564.
While we have Aussie data out on Tuesday, it is unlikely to provide sufficient impetus to break this pair's recent range between resistance at NZ$1.0975 and support at NZ$1.0880.
AUD/NZD Range Eyed
The RBNZ holding its Official Cash Rate unchanged at 5.5% for a ninth consecutive meeting could underpin a bid in the NZD and potentially guide the AUD/NZD pair below the current range support and possibly south of the neighbouring trendline support to test a support area at NZ$1.0817-NZ$1.0844.
Alternatively, a rate cut this week might send the cross higher, breaking range resistance and igniting a possible breakout buying opportunity in the direction of resistance between NZ$1.1051 and NZ$1.1028.
TMT Nicomedia Short For a SHORT position, TMT Nicomedia provided a strong and reliable signal, and I opened my trade with a 1.75R ratio. These transactions were opened with the TMT Nicomedia strategy. The reason I am sharing these transactions is to see the success rates of the transactions later on.
AUDNZD will follow uptrendthe major trend is still bullish the decline is an intermediate trend which will followed by the bull phase.
AUD_NZD SUPPORT AHEAD|LONG|
✅AUD_NZD is approaching a demand level of 1.0844
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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Audnzd buying opportunity Long term buy idea strong uptrend weekly and daily buying trend and liquidity to sweep upside
AUDNZD POSSIBLE SWING TRADEThe market is currently testing the current 0.618 FIB ZONE. Based on market trend, the market is still bullish both on Weekly and Daily. We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
AUD/NZD Shared Yesterday +85 Pips Now , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Idea on AUDNZDIf the NZDUSD strengthens, this could push the AUDNZD lower, down to the 1.08 level.
Looking for a reaction at that level, for a possible bounce/break.
AUDNZD POTENTIAL SHORT SCALE IN OPPORTUNITYHello Everyone!
How are you all?
Audnzd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
As we can see it has committed for selling opportunity. So, I will be looking for a bearish continuation because of the following reasons:
1. The HTF is bearish.
2. The price has made a sell impulse.
Game Plan:
If the price forms a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
AUDNZD. Intraday. 1.0944. LongThe pair shows signs of a false breakout: a quick approach to the level, lack of impulse after the breakout of the level, a rollback to the level and accumulation below the level. A good candidate for intraday trading.
AUDNZD 1HIntraday Bullish Above 1.0940: Look for long positions as long as 1.0940 holds as support. Target 🎯 at 1.1000 good luck 🤞🤞
AUDNZD SELLAUDNZD 10H SELL AT@ 1.09600
Great selling position in this currency pair. The final target is 250 pips.
AUD/NZD Gave Amazing Bearish P.A ,Valid For Sell To Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDNZD Ahead of RBNZ Rate DecisionAUDNZD Ahead of RBNZ Rate Decision
AUDNZD is in a well-defined bearish trend on the 4-hour chart
Tomorrow morning we have - the AUD RBA Interest Rate Decision
The market is expecting the RBA to keep rates unchanged at 4.35%
This decision may weight more on AUD in the short term.
We can see AUD moving down to 1.0750
You may find more details in the chart!
Thank you and Good Luck!
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AUDNZD Bullish Corrections: Heading Towards 1.096Analysis:
Following the recent impact of the Non-Farm Payroll (NFP) report, AUDNZD is showing signs of bullish corrections. The price has been correcting from the 1.082 region and is now making its way towards the 1.096 price point.
Key Points:
Market Developments: Recent market developments have sparked renewed interest and confidence in the AUD, leading to increased buying pressure against the NZD.
NFP Impact: The Non-Farm Payroll (NFP) report released last week significantly affected the market. As a result, we observed a sharp drop in AUDNZD, which caused traders to short the pair. Despite this, AUDNZD is demonstrating resilience and a bullish correction.
Support Level: The 1.082 region has shown strong support, acting as a solid foundation for the current upward movement.
Target: Based on current market momentum and technical indicators, the next significant resistance level appears to be around 1.096.
Technical Indicators:
Moving Averages: The 50-day and 200-day moving averages are converging, indicating potential for a bullish crossover.
Relative Strength Index (RSI): Currently trending upwards, suggesting increasing buying momentum.
Volume: There has been a noticeable uptick in trading volume, supporting the bullish outlook.
Conclusion:
With the support at 1.082 holding strong and the market reacting positively to recent developments, AUDNZD is poised for a move towards 1.096. The market's response to the NFP report, causing a sharp drop and subsequent short positions, adds an extra layer of volatility to monitor. Traders should watch for potential pullbacks and confirm the uptrend with volume and momentum indicators.
AUD/NZD 2 Day Chart AnalysisPrice is moving within an ascending channel and has rejected the top of the channel several times. Firstly December 2023, then May 2024 and now July 2024 at the 1.1130 zone. There was huge momentum to the downside this week and there is potential for more downside to the bottom of the channel around 1.0860.
AUDNZDhello everyone,
= weekly the price is still in uptrend direction..
= daily price is trending upward above 200ma, so price is may correct to trend support or support below..
= 4hr price may continue consolidating...
currently price has made a correction for higher tf but price target is above 1.12
no confirmation of bullish, wait for proper candle breakout and moving average crossing..
shorts on AUDNZDStop hunt reached at price 1.11500, with a lot of resistance, failed to breakout in the bullish pattern, It did cover the FVG made by the order block on top, still will goo down till 1.08750
