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AUDNZD

AUD/USD Consolidates Around 0.6600 Ahead of US NFP DataAUD/USD is trading within a narrow range around the 0.6600 level in the Asian trading session on Friday. Concerns about China's economic outlook and the temporary pause in the US Dollar's decline have restrained this currency pair ahead of the highly significant US NFP data. In Australia, October trade data failed to support the Australian Dollar (AUD). The trade surplus decreased to 7.129 million in October from the previous reading of 6.184 million, falling below the market estimate of 7.500 million. Furthermore, China's November import data has raised concerns about an economic slowdown in the world's second-largest economy. Optimistic data and new concerns about China's economy could convince the Reserve Bank of Australia (RBA) to cut interest rates in 2024, potentially pushing the AUD lower. Next, market participants will closely monitor the US Non-Farm Payrolls (NFP) report, scheduled for release later on Friday. Additionally, the Unemployment Rate, Average Hourly Earnings, and the University of Michigan Consumer Sentiment Index will be published. These events could cause market volatility and provide clearer direction for the AUD/USD pair.
by Larissa-Trader
AUDNZD - Trading The Wedge 🌙 AgainHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last AUDNZD analysis, we have been looking for sell setups around the green resistance zone. AUDNZD traded lower and it is currently hovering around a robust demand zone. Moreover, it is approaching the lower red trendline. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and red trendline acting as a non-horizontal support. As per my trading style: As AUDNZD approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
AUDNZD Will Go Higher! Buy! Please, check our technical outlook for AUDNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.072. The above observations make me that the market will inevitably achieve 1.080 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDNZD My Opinion! SELL! My dear followers, This is my opinion on the AUDNZD next move: The asset is approaching an important pivot point 1.0847 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0831 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
7 Dimension Analysis For AUDNZD 🕛 TOPDOWN - Navigating a Bullish Market with Long-Term Potential Overview: This pair has been consolidating for about a decade, showcasing substantial volume in the yearly chart. Despite the extended consolidation, heavy volume indicates significant player involvement, suggesting an expected upside move. The monthly trend is establishing itself for a prolonged bullish trajectory, currently forming a base accumulation zone. The weekly chart shows a triangle formation, and a breakout will be pivotal for determining the broader trend. All signs currently point towards a bullish bias, making this pair attractive for both short and long-term positions. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish to sideways with Bull-side potential 🟢 Structure Behavior: ChOch and Point of Interest (POI) already mitigated with liquidity sweep. 🟢 Swing Move: Initial Impulsive 🟢 Inducement: Completed for the bull side, establishing a valid low. 🟢 1st Pull Back: Made a 50% correction with an Inside Bar candle, validating the pullback. Internal structure appears bullish to sideways with mitigated oversold conditions. 🟢 Demand/Accumulation Areas: Respected by the price. Trendlines are marked, awaiting a breakout. 2️⃣ Pattern 🟢 CHART PATTERNS No specific chart patterns identified in the current leg. 🟢 CANDLE PATTERNS Key Observations: Change in guard with an engulfing candle at the demand area, signaling potential sideways movement. Multiple instances of long wicks at the demand area, indicating bullish sentiment. Momentum candles exhibit substantial size, signaling significant bullish momentum. Various bullish candlestick patterns, including kicker sash, inside candles, and open lows, reinforce the bullish sentiment. 3️⃣ Volume: Significant buy volumes at the demand area, suggesting strong bullish control. Positive insights from volume during corrections. 4️⃣ Momentum RSI: 🟢 Momentum State: In a full sideways zone. Momentum shifted rapidly from super bearish to super bullish, indicating a substantial change in momentum. Bullish divergence supports the bullish outlook. 5️⃣ Volatility Bollinger Bands: 🟢 Prices play around the middle band, anticipating a significant move. Squeeze has begun, indicating a potential volatility compression. A breakout outside the upper band is expected. 6️⃣ Strength - ROC Values: Almost equal strength at the current point. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Sideways to bullish ☑️ Current Move: Bullish impulsive ✔ Support Base: 20 MA ☑️ Candles Behavior: Major bullish candlestick patterns have formed. ☑️ Trend Line Breakout: Awaiting confirmation. ☑️ Final Comments: Enter for a long position once the price breaks the upper trend line. 💡 Decision: Go for a long position. 🚀 Entry: 1.0900 ✋ Stop Loss: 1.0750 🎯 Take Profit: 1.1426 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 30 days SUMMARY: The analysis maintains a bullish perspective, emphasizing potential long-term opportunities. The strategy involves entering a long position upon the breakout of the upper trendline, aligning with the broader bullish outlook. Considerations include the diverse bullish candlestick patterns and the anticipation of a significant move as signaled by the Bollinger Bands' squeeze.
Long
by Optimum369
1
EURAUD I Potential downside ahead of AUD CpiWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
AUDNZD Long Term Buying Trading IdeaHello Traders In This Chart AUDNZD Forex Forecast By FOREX PLANET today AUDNZD analysis 👆 🟢This Chart includes_ (AUDNZD market update) 🟢What is The Next Opportunity on AUDNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20