This pair has been stuck in a range between 1.105 & 1.055 for nearly 2 years and has just broke out of the short term resistance @1.095
The next logical move now is for the pair to test the top of the 2 year range above 1.10 and as it does this is where I will be looking for SELL setups.
The daily chart below gives you a clearer picture of the 2 year range and...
Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within...
Preferred direction: BUY
Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best...
AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the...
At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.
Potential Short entry at the break of the current Low, and sl above the previous major high with 12 Pips, I would be going Breakeven and taking partials at 1-1 (12-Pips), Final target would be 24 Pips
A clean pulse is followed by a clean retracement of all same color candles. After Fib(0.318) retracement, price went back to Fib(0)level. I'm waiting for the 1H candle to close above Fib(0) level and I will enter at retest of Fib(0)
Preferred direction: BUY
Comment: WThe buy-priority remains the same for the New Zealand dollar. Previously, we looked at a medium-term long trade, which is in progress and is in the accumulation stage.
If we talk about short-term prospects, we can consider the two scenarios shown on the chart. There is a high probability that the buyer will strengthen at...
Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the C wave.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page...
My dear followers,
This is my opinion on the AUDNZD next move:
The asset is approaching an important pivot point 1.0897
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0907
About Used Indicators:
For more efficient signals,...
Fundamentals & Sentiment
AUD:
Australia has beaten its neighbor in terms of robustness of the economy, with Services PMI and Avg Cash Earnings sustaining upward momentum best. Such economic performance also translated into better GDP QoQ growth paving the way for AUD to outperform NZD for the last 2 months and propelling the pair higher. It's also vividly...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction.
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I spotted a good buying opportunity. It might dip back down to its support briefly, but it's likely to resume its upward trend and surpass the resistance level.
Disclaimer: I'm a newbie with demo account
Preferred direction: BUY
Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500...
Preferred direction: BUY
Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more...
hello everyone, in my last analysis the price broke the resistance level (mainly due to bullish AUD & bearish NZD news), overall the NZD is performing poorly... price is predicted based on AUD fundamental and technical analysis... upcoming AUD CPI (today) and retail news (tomorrow) couldn't make this pair bearish or bullish... if news is bad then technically...
AUDNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDNZD
Entry Point - 1.0893
Stop Loss - 1.0880
Take Profit - 1.0916
Our Risk - 1%
Start protection of your profits from lower levels
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My dear friends,
My technical analysis for AUDNZD is below:
The market is trading on 1.0893 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0923
Recommended Stop Loss - 1.0876
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
