hey traders,
very peculiar trading setup on AUDNZD .
after a strong selloff, the pair has stopped setting new lower lows and
for the last two days, the market was coiling within a narrow horizontal trading range.
if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure...
AUDNZD - Possible longing opportunity.
Last two days have tried to close below the 1.07 even handle but failed twice.
AUD seems to be gaining in strength the last few days of last week noticeably against the USD.
Once i get my signals of a long i will be opening a trade.
Any questions feel free to drop me a message or a comment and i'll be willing to offer...
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
AUDNZD looking tasty. Ranging between two monthly key supports (Orange) and marked out some areas of interest for myself on the weekly> Seeing the previous bullish run with a pullback and retest, short ranges choppy market around the weekly resistance. I'm anticipating this bias to change to bearish and will be looking for shorts but will keep an open mind for a...
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
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