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Australian Dollar / New Zealand Dollar

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AUDNZD trade ideas

AUD/NZD AnalysisThe pair is trading within a rising channel pattern, signaling a bullish outlook. It is currently near the lower range of the channel, suggesting potential upward momentum. 🔍 Key Observations: The price is bouncing off the channel support, aligning with bullish sentiment. RSI is neutral, leaving room for upward movement. Bollinger Bands indicate potential for a move toward the upper boundary. 🎯 Plan: Entry: Around 1.1040 Take Profit 1: 1.1065 Take Profit 2: 1.1085 Stop Loss: 1.1022 💡 Look for clear confirmation of support holding before entering. Always use proper risk management! 🚨
Long
by Charts_M7M
2
AUD/NZD: Potential Short Opportunity: False Resistance BreakoutThe AUD/NZD pair is currently exhibiting signs of a false breakout at the resistance level of 1.1145, subsequently forming a rejection Pinbar, which indicates that sellers may be regaining control in the short term. What is a False Breakout? A false breakout occurs when the price briefly exceeds a key support or resistance level, only to swiftly reverse and return to the opposite side. In this instance, the price momentarily broke above the 1.1145 resistance, yet the insufficient buying pressure led to an immediate rejection. This behaviour suggests that sellers were poised above this level, ready to enter the market. False breakouts can often result from market manipulation, where institutions and major players seek to trigger stop-loss orders from traders positioned near support and resistance levels. By instigating an initial breakout, they create liquidity for large contrarian positions. Reversal Signal A false breakout, particularly when accompanied by candlestick formations like the Pinbar, often indicates a potential trend reversal. In this case, the failed breakout signifies that buyers who attempted to sustain the move upwards were unsuccessful. Current Scenario : Has the False Breakout Been Confirmed? The 1.1145 level represents the highest price since 2022, establishing it as a significant resistance zone. The initial breakout above this level was swiftly followed by a strong rejection, illustrated by the long wick at the top of the Pinbar candlestick. This pattern underscores the weakness among buyers and suggests renewed strength among sellers. Possible Short Opportunity If the price breaks below 1.1090, we may expect a more substantial downward movement over the following days. First Target: 1.0880 This target corresponds to a notable support zone, aligning with previous lows and the projection of the rising trend line established since February. Final Target: 1.0780 This represents a significant area, marking an important horizontal support level observed over recent months. Stop Loss: A suitable stop loss could be placed above the Pinbar high at around 1.1180 to protect against an unexpected reversal. Alternative Scenario: Resistance Broken The recent sequence of green candles with elongated bodies and minimal upper shadows suggests a potential alternative scenario, wherein there may be sufficient buying pressure to breach the resistance level in the coming days. A buying opportunity could materialise if the price breaks above 1.1200. Next Targets: In the event of a breakout, the first target could be around 1.1300, with a final target at 1.1450, where the AUD/NZD would encounter significant resistance on the weekly chart. The AUD/NZD pair is at a critical technical juncture at 1.1100, indicating a potential false breakout of resistance. It is essential to monitor price action closely in the upcoming sessions. A sustained downward movement, particularly a break below 1.1090, would reinforce the selling pressure, while a breakout above 1.1200 could signal a continuation of the upward trend towards 1.1450. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
1
Potential bullish rise?AUD/NZD has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance that lines up with the 161.8% Fibonacci extension. Pivot: 1.10419 1st Support: 1.10050 1st Resistance: 1.10856 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
AUDNZD 4hr LongAUDNZD ✅ 4hr Long ✅ 💰ENTRY: 1.10458 👎STOP LOSS: 1.10305 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing Low Engulfing candle above the 50ema. This is a great example of my systematic system.
Long
by angelvalentinx
AUD/NZD "AUSSIE KIWI" Bank bullish Robbery Plan.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist AUD/NZD "AUSSIE KIWI" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 30m timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
3
#007 AUDNZD DCA BuyAs seen on the chart, I have placed 2 buy limits which I tried to spread them out as evenly as I could. I left the 3rd position wider, than the 2nd position because I think to myself, if price were to come down this far, and if it touches and rebound, I would have a higher chance of exiting for some profit on that position. I picked the AUDNZD because price on the 4H, 1H and 15 Minutes are aligned with the 60SMA's direction, and based on the price alone, it is very strong. If I could, I would rather enter on XAUUSD now, instead of AUDNZD, but due to margin issues, that's not possible, and AUDNZD is one of the pairs that is not clashing with my other open positions (correlation). That's all for now, and I will update later when anything happens. 1945SGT 21112024
Long
by ProfessionalDuckHunter
#008 DCA AUDNZD 1HI was wavering yesterday because of the loss I took on USDCHF, and so, I didn't think to publish this AUDNZD trade I took. But on retrospect, it all worked out. I think that some basic protective mechanism should still be in place such as shifting price to breakeven (maybe) (and, there there. overthinking again.) I am just 2 cents away from TP and I think after I publish this post, I would be taking profit manually because why would I allow price to hover and collapse back down when I do not have a fixed RR? I also think that I should trade on the higher time frames, maybe. (There there, again here it comes.) I think I think I think. I think too much. Add too much thoughts which with efects becomes emotions. While on the other hand, I have another strategy running which I don't give much thoughts about, doing not bad. Not like it is making big money, or high % per month, but it is providing. 1%+ 2%+ as long as I continue to not think about it. As I was trying to sleep last night, I thought that distractions is good, so that I can un-focus on doing the right things, while I have other wrong things to distract me, preventing me from overly observing or giving attention to the right thing. Too much observations lead to too much thoughts which leads to too much action, which will increase the amount of wrongful actions taken, which leads to stress, and changing of minor rules, or aspects about the trading method, which leads to deviation and eventual profit turning into losses and closing the month on a bad note, hoping that the next month would be different, and wishing that I wouldn't have done some things I have done. 0932SGT 22112024
Long
by ProfessionalDuckHunter