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Aussie-kiwi

AUDNZD LONG-TERM SHORT SELLThis is a good opportunity to earn a good return. The strong rally from 1.07 was due to the RBNZ Interest rate news. The negative news had a bullish effect on this pair, causing a 300+ pip rally. This rally is into an area where willing sellers overwhelmed demand. Chances are, another fall is likely here. The strong move up means there is no willing demand above 1.07. This is good. It means that this should work to 5:1 return easily. EP: ~1.11110 SL: ~1.11810 TP: >1.07610 (at least 5:1, 350 pips)
Short
by selfrighteousgambler
2
AUSSIE DOWN UNDER - 5 Factors of ConfluenceAfter breaking through the 1.05 support level on the daily Chart, price came up to retest it and found resistance. It was also met with a bearish slap by the 50EMA line and the 0.382 Fib Retracement level. At this point a nice doji reversal candlestick formed and overall price is making the long way down after a triple top formed between September and November of 2014. A good stop loss here might be 1.055, just above the 0.5 Fib retracement level.
Short
by ForexVader
Bottom picking the AUDNZD crossA lot of traders have taken interest in the AUDNZD cross since 2014 as prices have reached a level around 1.04/05 that's held firm since 1979. While we may see another bounce off 1.035 in the coming days, recent price action suggests a risk of diving further towards multi-year lows before a true bottom can take shape. Looking at a monthly chart over the past 16 years, I've noticed a trendline that comes in at around the 1.005 level. I'd suspect that if prices fall further, we'll see some kind of initial reaction to the upside when the Aussie dollar nears parity with the Kiwi dollar. Be mindful that the end of the bearish cycle may be close, but it seems to me too soon to call.
A
by ABRAK75
1