Audnzdforecast
AUDNZD, SELL on Daily- 1.0885-1.0850 is a strong resistance zone. price already showed rejection from the resistance zone. "Bearish pinbar" on weekly chart is our confirmation for sell.
- If it breaks below 1.0645 level which is recent support then, our sell target would be 1.0350
- Price may again retest the resistance before falling.
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Update Analysis / Breakdown for AUDNZD.
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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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