i am anticipating this sell down enjoy like , comment and follow :)
Continues to ride this pair's bearish trend considering the recent trade war between US and China affecting AUD, and with it still losing its yield advantage vs USD because no plans of rate hike in the future and follow ECB and the Fed. Shorting this pair with TP near 1.04345 (support based on weekly chart) and a tight SL near 1.07. www.dailyfx.com Daily: ...
AUDNZD Predicting a downward move with this pair. Targeting 1.085 levels SL: 1.095 levels. Le Goo!!!
bearish divergence + good trade data for NZD also oversold..small target but good profit 60-80pips
Price rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second. I would place the stops above the previous high because i dont think twe are going higher than that.
I just took this AUDNZD Short on 1H chart based on the 4H and Daily after a large engulfing candle. It looks like the price is going back to retest the "Day Buyer" green line and I hope the TP1 should be reached. If the price arrives TP1, I will see how it goes and decide the next step.
With RBA tomorrow Audnzd seems to have retraced all of its earlier losses from Asian trading. Selling here AT 1.0657 with a 30 pip stop makes a good RR before RBA tomorrow.They are definitely not going to be pleased with aussie strength tomorrow.