on the aud/nzd, support seems to be respected from the weekly/daily chart. On the 4hr chart I am hoping that that price breaks out from the trendline so I can find a way to enter.
AUD/NZD is hovering around my buy zone. As you can see this pair has just about made contact with my buy zone which has triggered one of my first long trades. I will be looking to add positions if this pair goes further into my buy zone. I have set 2 TP zones which I will be using for my positions.
Trade safe and good luck!
AUDNZD has bounced off a support zone on the weekly charts. I have now used the smaller TF's to enter this trade and will look to take profit soon, as this is a short term long. This is a short term long as this pair broke the support and made a lower low, so I am expecting a big move down soon.
Trade safe and good luck!
after the past few weeks on this pair my bias was originally going long, after letting the pair show us where its heading i can only see more downside currently. After price action recently giving us a head and shoulders pattern also breaking out of a huge pattern also i did expect price to bounce up rather than fall... So now we have broken im sure we should see...
market continuation using a h4 role reversal for my entry we would like to see a break of the 1.0365 price this will give confidence in a bearish market.
AUD NZD IS ABOUT TO PRESENT US WITH A LONG OPPORTUNITY!
Making the description simple - we have our daily resistance at 1.05355 that have rejected around 5 times from that zone. With that been said, a clean break of 1.05355 and retest would present us with a long opportunity!
Please, be patience and see the resistance turning support in order to place a long...
Expecting price to go up with the previous strong support zone. We had a real naughty fake out more so taking some people out before continuing its original plan going upwards. I still expect to see this pair rise.
I'm short on AUDNZD from a higher time frame. The 2H picture is an amazing one that will test many, as there is an amazing level of horizontal resistance.
My personal bias is for the south from a higher time frame. It would be interesting to see what the trading community thinks about this one. Do drop a few lines. :)
Looking at this pair on the higher time frames weekly / daily... looking left we can see its quite a previous strong level. After a good 3 rejections at this current level, most recent candle formation followed by a fib retracement of 74% which im currently backtesting i feel we can see the start of a reversal looking to go bullish overal. 1.06700 - 1.0700 would...
Possible long outlook for the Aussie Kiwi, we could see some gains this week with the AUD.
What to watch for this week:
Wednesday 30/01/20- 00:30 (GMT): AUD Consumer Price Index- Forecast 1.7% from 1.9%
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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