Strifor || AUDUSD-08/15/2023Preferred direction: SELL
Comment: To date, one of the most prone to falling currencies. This pair has broken through significant daily supports and now the downside potential for the pair lies at the level of 0.62000. The current deal is more conservative and the target is seen at the level of 0.64000.
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AUDNZD
AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.07900 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance zone.
Trade safe, Joe.
AUDNZD I Pullback and tendency to riseWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
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AUDNZD SHORT PROJECTION#AUDNZD is just holding a daily support where we strongly believe that the price may retest a deeper level of support to accumulate more liquidity and buying pressure before a retracement. By any chance if the daily support holds stronger, we may not see a downside momentum in the future.
EURNZD I It will fall from the resistance zoneWelcome back! Let me know your thoughts in the comments!
** EURNZD 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.
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AUDNZD I It will move up and more decline to comeWelcome back! Let me know your thoughts in the comments!
** AUDNZD 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.
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AUDNZD Analysis 31July2023It appears that AUDNZD is displaying a bearish trend with a noticeable curve pattern, particularly in the SND area. It is likely that the price will respond positively to this trend. If you wish to take a short position, consider doing so when the price is between the Fibo 0.382 to Fibo 0.5 ranges.
AUDNZD Montly w/ Ongoing Updates *Not Advice*Weekly Economic Analysis: 7/30/23
Pair: AUDNZD
GDP (Down: Weaker Currency Up: Stronger Currency)
- Aud down NZD up
Employment (Down: Weaker Currency / Up: Stronger Currency)
- Both up
Inflation (Down: Weaker Currency Up: Stronger Currency)
- Both Down
Interest Rate (Down: Weaker Currency / Up; Stronger Currency)
- AUD news week. Both stalemate
Balance of Trade (Down: Weaker Currency / Up: Stronger Currency)
- AUD down NZD up
PMI (Down: Weaker Currency / Up: Stronger Currency)
- Services: Both are down
- Manufacturing: AUD up NZD down
Bias: NZD Stronger
Monthly Technical Analysis
- Price could be in a range with our bias to the demand zone around 1.03758.
AUDNZDAUDNZD is trading in long term bearish channel and respecting well the highs and lows of channel. price formed temporary small bullish channel within large bearish channel but failed to sustain. Currently the pair is retesting the broken support level and it seems like the pair is heading to further downside.
AUDNZD BUY ICT 20 PIP SCALPSince the Yen will be dropping some suspect news tonight, I'm moving my usual ICT 20 Pip Scalp (21 with the spread) from my AUDJPY pair to the AUDNZD. It already bounced from my 1 hour Breaker Block/4 hour FVG point of interest. If price doesn't clear the buy side liquidity resting above, I believe I'll have a scalp this Asian Session.
AUDNZD Sell signal on the Symmetrical ResistanceThe AUDNZD pair is consolidating on the 1D MA50 (blue trend-line) for 4 straight 1D candles, having formed a 1D Golden Cross last week. Even though that is a technically bullish formation, as long as it doesn't break above the 1.093250 Symmetrical Resistance, a rejection seems more probable. As long as it holds, we will sell and target the Higher Lows trend-line at 1.06200.
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AUD/NZD to benefit from yield differentials? A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession.
We therefore see today's retracement lower to 1.080 as a potential gift for bulls, and for a move to 1.0900 or even 1.1000 over the coming weeks. The RBA may still have to hike once or more and that could see expectations of a lower RBNZ-RBA cash rate and support AUD/NZD.
A break beneath this week's low invalidates the bullish bias.
EURAUD I Long from bottom of the channelWelcome 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.
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