AUD NZD Possible Bullish September
Looking at this chart. It appears as if there is a consolidation period happening at the current market price. Based of of the monthly chart, we are bullish. As well as the weekly chart. And in terms of trend on the daily, we appear to be bullish for now, but seem to be showing signs of exhaustion. Moving down to the 4 hour, there is no context to the left since we are at the upper part of this particular range. Moving finally down to the 1 hour chart, we have had a few entries to go long, but because we are the top of a range, buyers are showing exhaustion as they are trying to push through this particular level. At the current moment, this pair is neutral for the time being. If we see volume come in this week, or possibly early next week, we could see a push to the upside for a run to the monthly trend line, or around 1.10. If buyers become exhausted, then we will likely subside to the low of about 1.02.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.