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Audnzdforecast

AUD/NZD 1H Chart: Breakout from symmetrical triangleAUD/NZD 1H Chart: Breakout from symmetrical triangle In early hours of this trading session the currency exchange rate made a breakout from symmetrical triangle pattern amid the pressure from 55-, 100- and 200-hour SMAs. In result of this downfall the pair has formed a minor descending channel, which is should guide movement of the pair at least until release of data on the New Zealand Retail Sales. But publication of worse than expected figures is unlikely to change the overall trend, according to which the pair is expected to ultimately reach the lower support line of the dominant rising wedge formation. In case the pair bypasses the above moving averages, the subsequent surge should be neutralized by the upper trend-line of a medium-term descending channel.
by UnknownUnicorn890690
short at 1.1250 target 1.1132 for technical pullback I expect a technicla pullback after a big breakout of a long term wegde . so even Nzd is very weak and it will be hard ,usually most of beakout get them pull back around them breakout level. Also he is luch overbought and we not get yet the new GOV statement about monetary policy...so i try t coz if they mess dovsih same as investor speculate the NZD will get back some Power short time Short at 1.1250 Target at 1.1132 gain=118 pips Stop loss 1.1315 same all time i open 2 different position and will close one if i have opporunity to win about 30% of may target and let the secodn in trailing stop
Short
by corsicasia
short at 1.0925 for target 1.0833- short AUDNZD at 1.0924 to target 1.0832 - NZD got better than inflation than expected in Q3 - the Rba meeting meeting shows that RBA is not hurry to hike rates even the global economy is quiet good as a labor market and co so wit the contrast of this 2 opposite position even RBNZ not say that they will hike rate soon yet i think it can be a trade to try Enter at 1.0925 Target at 1.0832 gain = 92 pips Stop loss = 1.0962 = 35pips Risk reward = 1/2.6
Short
by corsicasia
AUDNZD Daily EntryHi traders, Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal: The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area). The Friday close allows me to enter on Monday market open as long there is no huge gap or anything similar. 2nd green rectangle shows the first trouble area where price might reverse again - it is up to you if you take your profits there or let it run. I am aiming for the bottom rectangle which, in my eyes, represents a stronger trouble area. As always, stay patient and keep a strong money and risk management as even the best setups tend to fail. Happy next week :)
Short
by FromForkToFingers
Long AUDNZD Longterm Based on Multiple Timeframes - 400pipsWe were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!! A closer look on the daily time frame shows we have successfully broke through a key resistance level . Zooming in to the hourly charts, we can see price was in a consolidation zone since yesterday morning and has now broke out above with another strong leg up. We are aiming for 1.10+ with a potential target of 1.13x for 400pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
AUD/NZD 1H Chart: Channel UpAUD/NZD 1H Chart: Channel Up The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868. Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most probably, the 55-hour SMA, which moves along the channel’s southern boundary, will help the rate to surge to the weekly R1 at 1.1017. Afterwards, the breakout most likely is going to happen. On the other hand, the pattern might cease to exist even earlier because of some fundamental events, such as publication of information on the Australian Private Capital Expenditure on Thursday.
by UnknownUnicorn890690