Audnzdforecast
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Update Analysis / Breakdown for AUDNZD.
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1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
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AUDNZD short term bearish;can retest 1.0540 level AUDNZD has reached to the top of the channel and needs a retest of 1.0540
I am short term bearish as it is under negative divergence with a bounce lower from the critical resistance.
The first level to the downside is 1.06650 followed by 1.0540
Please note that it is a short term bearish idea which will be invalidated if the price breaks above the resistance at the top of the channel
around 1.0880 - 1.0900
AUD/NZD forming a triangleThis triangle is signaling us that there is indecision between Buyers and Sellers. They can deicide where the price will go. Right now and maybe even in next couple of days we will see this ranging to continue. However sooner or later we predict that either Bulls or Bears will take advantage of one another. This could be a nice trading opportunity for next week.
We have put Alerts on both directions and when one alert is triggered then we will make a decision.
Follow this idea and don't let good trade to go without you :)
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The markets trade money between the impatient and patient If its not touching that red line then I don't want the sell, far to early to sell for me yet, rather miss a trade and watch in unfold to my analysis than jump in early with a whack entry increasing risk.
lots of people liking and commenting, check out my recent oil idea and give us a follow!
AUDNZD upside momentums weakensThis is currently a very preliminary trade idea based off of the current momentum on this pair. I outlined this trade idea in three major points.
1. The run-up from March 19th ceased at the 1.0613 level. Price proceeded to pull back to my #2 label at 1.0477 level.
2. Nothing out of the ordinary so far as price would retrace after such a rally. What's interesting is that this next wave didn't make as significant of a move. Specifically, we can see it hitting the #1 label highs and then stalling.
3. I'm currently observing the price action signal at this level. It broke back below the 1.06 level and then made an uptick. If price fails to make a surge higher, we could potentially see this pair reverse.
Again, largely preliminary at the moment. Currently just keeping an eye on this pair for a potential opportunity.