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Audnzdlong

aud/nzd set 2 Potential Bullish set upshere I'm looking for the correct move back down to our major areas of interest 1st entry is potentially sniper entry -- how ever if the trade goes against us we will capitalize on a 2nd entry information shared is for educational and demo purposes only, please practice proper risk management while trading in the financial markets! Disclaimer- Trading contains risk and no one should trade money that they cant afford to loose, please reach out to a professional to go over a risk management and investment strategy that works best for you and your current financial situation! Disclaimer -- I AM NOT A FINANCIAL ADVISOR and past profits don't guarantee a future results!
Long
by therealbinarymaster
AUD/NZD pulls back to key support zone for swing trade longWe’ve been waiting for AUD/NZD to retrace from its cycle high to reconsider longs, and it has now once again piqued our interest. Prices found support at the 200-day EMA yesterday, with the 38.2% Fibonacci retracement holding today’s low nearby. Whilst RSI (2) is not quite overbought, it is not far from it which suggests we could be approaching a cycle low. It is also trading lower for a fourth consecutive day to also suggest mean reversion (higher) may not be too far away. Should we see evidence of a swing low on the 1 or 4-hour chart, we’d be tempted to scale in to a long with a stop beneath either the bullish trendline or 50% retracement level. We could then tighten our stop and add to the long position if the momentum begins to turn higher on the daily chart. 1.1000 is the initial target near last week’s high, with the potential for a move to 1.1045
Long
by CityIndex
AUD/NZD: Trans-Tasman analysis The AUD/NZD is an interesting pair to examine after the release of each country’s respective inflation reports yesterday. In New Zealand, the annual inflation rate remained steady at 7.2%, prompting investors to forecast that inflation in the country has peaked, and the Reserve Bank of New Zealand can slow the pace of interest rate hikes moving forward, inducing a fall in the NZD against the US dollar. The next interest rate decision from the RBNZ is on February 22. Australia’s inflation data, came in hotter-than-expected, at 7.8%, up from 7.3% in the previous reading. As a result, the Australian dollar climbed to a fresh 5-month high, almost the only major currency making a significant move against the US dollar on the day, as the market priced in a ninth consecutive rate rise by the Reserve Bank of Australia’s on February 7. Naturally the AUD/NZD cross pair has begun to diverge quite significantly, with an emphatic break above the 200-EMA line, due to their respective performances against the USD. 1.09600 appears to be the most immediate level of resistance for the pair now, but doesn't seem to be holding up all that well against current buying activity, with the 20 EMA/ 1.09480 acting as the support.
by BlackBull_Markets
AUDNZD Hello traders here is my analysis on AUDNZD after breaking above our bullish continuation pattern, we had a nice retest 1 back to the broken trendline buyers took over pushing the market to the upside till - 1.09369 level where we can see a correction back the buyers zone. CAN WE LOOK FOR BUYING OPPORTUNITIES..? Yes we can as the zone as been retested twice giving us an assurance of a strong ground for buyers to take off, which can result out to be an impulsive move after a correction.
Long
by Joshua124lupito