Descending movement on AUD/NZDDescending movement within the ascending wedge is so possible. RSI movement can confirm it that price movement is going to be descended.
Audnzdshort
AUDNZD looking bearish
The Aussie dollar registered a triple top from the daily candle domain, opening the Asian market under bears dominance after the RBA reported high unemployment levels and the economy operating below its capacity.
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RBA Royal Bank of Australia response Bearish - positive for RBNZRoyal Bank of New Zealand (Bullish)
The RBNZ, which predicts prices will rise 22% in the year through June,
is reinstating mortgage lending restrictions.
Royal Bank of Australia (Bearish)
- Australia's interest rates will stay low until 'at least 2024', RBA says
- Philip Lowe used a speech to a summit convened by the Australian Financial Review on Wednesday
to signal that the official cash rate will remain at
historic lows until “at least 2024” because there is
no prospect of wages growth hitting more than 3% before that time.
Royal Bank of Australia (RBA) is struggling to raise
interest rates and not seeing wage gains until 2024 for most employers.
No reason AUD/NZD should be so high correction to 1.03
AUDNZD SHORT4HR chart has presented a double top, moving through to the 1hr we have a triple test of the double top with price currently testing the 150EMA, also there the RSI is showing divergence. We could potentially see a move all the way down to 1.06500 over the next week if this analysis plays out.
AUDNZD DOUBLE TOP SETUP - TO SHORT TO 1.05430Right here is the M pattern, double top pattern in play. I expect price to short to 1.05430.
So if price break the support at 1.05430, I expect it to continue to short to 1.04300.
What do you think?
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AUDNZD- Short from resistance Hello,
I closed my long from the previous support as it was heading towards major resistance.
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I have been waiting almost a week for the correct time to place an entry.
Entry- 1.07760
SL- 1.08457
Profit- Open towards previous support.
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Reasons for taking trade-
Daily range
Potential double top
Indecisive price action around resistance while the bears have started taking over
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Good luck if you join me on this trade :)
AUD/NZD Time for a reversal?Hi Traders
AUD/NZD Signal (H1 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 1.07632 after the market found resistance @ 1.07949. Only the upward break of 1.07949 would cancel this bearish scenario.
Trade details:
Entry: 1.07632
Stop loss: 1.07949
Take profit 1: 1.07445
Take profit 2: 1.07128
Take profit 3: 1.06611
Score: 6
Strategy: Bearish Trend Reversal
AUDNZD - Price moved as expected. About to hit tp at 1.08350Here is a confirmation of the idea I published on 12th February 2021. The price is still in an uptrend towards the take profit at 1.08350. Take a minute of your time to take a look at the post. Thank you for your support💓
Symmetrical triangleIf you missed the Aussie dollars bull run, here we can milk from the overbought, trend-line resistance which is already in a correctional phase indicating a strong reversal. For entry I would use the Stochastic since it has been very accurate for reversals in this triangle.
Stop loss would be above Cs relevant resistance.
Good luck and follow me for more!
AUDNZD - SHORT; SELL it right here!Like the title says.
The Weekly;
Incidentally, this chart does not bode well for either one in this pair (or, for equities - Risk On - as a whole) but it is especially detrimental for the Aussie;
AUDNZD Short Let's move on to selling the powerful AUDNZD currency pair as always
Friends, be careful, wait for the failure of the area. The targets are shown in purple in the chart.
AUD/NZD Possible Short FormingHi Traders
AUD/NZD (30M Timeframe suggesting a possible SHORT)
A medium to high probability, entry to go SHORT is forming @ 1.06435 after the market found resistance @ 1.06647. Only the upward break of 1.06647 would cancel this bearish scenario.
Trade details:
Entry: 1.06435
Stop loss: 1.06647
Take profit 1: 1.06327
Take profit 2: 106131
Take profit 3: 1.05812
Score: 6
Strategy: Bearish Trend Reversal
HEAD AND SHOULDER aud usd is in head and shoulder
our first target is upto bottom line of head and shoulder.
AUDNZD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
