Here AUDNZD would be worth thinking about increasing long exposure in order to follow up the coming RBNZ intervention / AUD outperformance leg. However, this plan to attack the highs is currently impossible, because AUD markets are still pricing a move from RBA in Feb. The correct manoeuvre, despite all counters will come from the AUD side: NZD is well...
We have a nice setup going long here if we see a good candle closure above the trend line formed by the two previous spikes! i would like to see the daily candle closing above 1.0320! On the other hand, if price breaks below the trend line, we could see a nice rally all the way to 1.0200 ! That would be very interesting aswell! Now we wait! What you thik?? Let...
4H CHART EXPLANATION: As explained below on the Daily Chart, there is a strong upside potential here. However, in the 4H chart, we can observe that there is a Descending Trendline. To get a better scenario, we will wait for a breakot of this trendline to take short positions on this pair. DAILY CHART ANALYSIS:
I think we are currently in a good position for a huge swing to the upside. My two main targets are highlighted green. :)
We are looking at a bigger picture. Bias to the long side, it's looking to form support on the day chart.
Price is staying on the range we marked up yesterday, creating some bullish divergence We have to see how the price reacts if gets out of the range and get to touch the 200 Ema If that happens there are two possible scenarios, one where we get to break the 200 Ema and then stop on the 800 Ema And another one is that we cannot break the 200 Ema and come back...
hey guys, it looks like AUDNZD has finally found a bottom. recently we've seen a very nice rejection and the market has just formed a head and shoulders pattern. I believe we can expect a bullish continuation. I will buy the market in case of a bearish breakout of the underlined neckline. target level is 1.048
On the AUD side, RBA crystal clear about conditions needed for further easing and unlikely in the near-term. Unemployment overshooting may be the start of a round of good data for AUD which will keep the RBA on hold meaning markets will need to price out all of those betting on a RBA Feb rate cut. On the NZD side, RBNZ slightly hawkish surprise in the last...
AUDNZD break throw the downtrend line based on demand area 1.04120 MACD shows positive momentum RSI abov level 50 ,abov sma 100 breaking throw 1.04449 resistance level confirming bullish movement to 1.06290 as resistance area .
A timely update to the previous AUDNZD weekly chart and after completing the initial selloff we are set for a major leg to the topside. Before we dig into the Fundamental and Technical side I recommend for those following to start by reviewing the previous charts to understand how and why we are trading the lows: On the AUD side, markets are pricing an RBA...
ENTRY: 1.04350+- TP: 1.04700 TP2: 1.05000 SL: 1.04000 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
aud nzd bullish on support 4 hour bullish divergance
Long AUDNZD @ 1.04055; TP @ 1.06135, SL your choice