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.
Audnzdlong
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.
Analysis AUDNZD : 📅 12/29/2022Analysis AUDNZD :
Considering the breaking of the suffering range and the formation of an upward trend, we can expect a good upward movement.
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price: 1.06700
sl: 1.06200
tp1: 1.07500
tp2: 1.08000
tp3: 1.08700
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👤 Alireza hajighasem : @alirezahajighasem
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📅 12/29/2022
AUDNZD is a "BUY THE DIP" in short termHi everyone!
The main trend of AUDNZD pair is bearish, but at the same time we do not rule out an interesting consolidation in near term. That said, I'm not sure if the pair has already bottomed, so we will split our long positions. On one hour chart we have shown some interesting levels (areas) where to pay attention.
Thanks for your support and I hope to be helpful!
Anonymous Trader
AUDNZD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on AUDNZD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional mid figure 1.07500.
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AUDNZD - Bearish market structure ✅Hello traders!
‼️ This is my analysis on AUDNZD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional big figure 1.06000.
Like, comment and subscribe to be in touch with my content!
Last Trade Idea Of 2022The previous SELL idea on this pair banked over 800 pips as we played the top of the longer term range market see related post for this.
Now it is time you can look for BUYING opportunities under 1.05 as we approach the bottom of the MONTHLY longer term range. Starting at 1.05 is a nice weekly DEMAND/BUY zone I expect a reaction inside this area.
I want to see a 12hr or Daily signal occur on my TRFX indicator as price goes under 1.05 and will target the 1.08 SUPPLY/SELL zone where a nice resistance level is located this will be a good SELLING rentry to drop back down to the bottom of the range at 1.03
Note I will only enter the market on the correct signal this idea will likely trigger in the New Year as I expect the markets to slow down now till Jan.
So its time to take a break rest and recoup and enjoy the holidays.
Have a great Christmas and I will see you in the New Year :)