Audnzdforecast
AUDNZD ANALYSISHaving seen the NZD weakness at the start of the week, we have seen some short term bullish momentum from this pair into our key level.
We remain short biased, watching this level to hold to continue looking for sell opportunities.
However, If price breaks above, then we can see more upside from this pair.
AUD/NZD SELL OPPORTUNITY NOW.......
When market breakout 1.06621 support zone, then it can be goes down up to 1.07532 level.
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AUD/NZD SHORT SELL NOW.......
AUD/NZD CREATE BEARISH BUTTERFLY PATTERN,SO SHORT TIME SELL MOOD NOW.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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AUDNZD - BEARISH BIASAUD - Bearish
1️⃣ Victoria has announced to extend its lockdowns.
2️⃣ AUD depressed amid new US-China tensions after the Biden administration issued sanctions related to Hong Kong.
3️⃣ The risk-off environment in the market usually pressure on high-beta currencies such as AUD.
4️⃣ Australian retail sales are expected to decline following the lockdowns in the country.
NZD - Bullish
1️⃣ At its July meeting, the Reserve Bank of New Zealand had kept its interest rate at a record low of 0.25%, however it will stop buying on additional assets under the large -scale asset purchase program (LSAP) from 23 July 2021.
2️⃣ The annual inflation rate in New Zealand soared to its highest level in almost 10 years.
3️⃣ Kiwibank predicts that the New Zealand central bank (RBNZ) will raise its interest rates this August, in line with the views of several other large banks in New Zealand.
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TECHNICAL
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- Intraday setup on H1 chart.
- We're shorting this pair on support breakout.
- Below SMA50.
TRADE AT YOUR OWN RISK!!
SELL SIDES TO AUDNZDSince the beginning of this week, this pair has been trading with bearish momentum and is in a downtrend.
Price broke a lower low here just after correcting its first impulse.
We should see a retracement or a pullback before price continues to trend down.
No exact targets could be set on this one. However, Looking for some good risk to reward along this trend is best.
AUDNZD like Wyckoff's AccumulationMonthly chart of AUDNZD looking like going through Wyckoff's Accumulation phase...
If it break the Trendline then it possibly going to be long let's watch what Is going to be Happen...
I also watched Bitcoin is also going through Wyckoff's Accumulation phase...
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AUDNZD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
AUDNZD pullback before bearish movementToday the market recorded a double bottom, signaling a pullback towards a critical level for a potential deep downward continuation.
The bulls will find a descending trendline, golden Fibonacci level, and a supply zone at the critical level. An exciting battlefield where bears might gain control of the game and move the price action to the previous support zone. Check on a higher timeframe to get a better picture of the levels involved.
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AUDNZD top-down analysis Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.