AUDNZD trade ideas
AUDNZD: Are we going to see a period of AUD weakness versus NZD?We have seen a break of up trend on the 4H AUDNZD chart. I'm looking to trade a retracement of the initial impulse back up to the 0.618 Fibonacci level.
Fundamentally CPI data, released today, from Australia has showed the inflation has slowed (2.7% down from 3.5%). Is the market going to price in a AUD rate cut? Who knows!
In anticipation of this I have place a limit order to sell at 1.0907, SL at 1.0950 and TP at 1.0824.
AUDNZD Set To Grow! BUY!
My dear friends,
My technical analysis for AUDNZD is below:
The market is trading on 1.0870 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0906
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
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BULLISH ON AUD/NZDTIME FRAMES POINT TO BULLISH SO IM GOING WITH THE TREND.
Im looking to take an aggressive entry when the 30 min candle closes above
1.0920. SL 1.0890 TP 1.10942 for a 1:6 or 1.100 for a 1:3
A more conservative entry will be at 1.09392 with a SL of 1.08935 TP 1.10942 for a 1:3.4
Text Forex to 860-861-7323 for mentorship or signals.
AUD/NZD Daily AnalysisThe AUD/NZD daily chart may possibly be setting up for a next lower high, in line with the current downtrend that has been in play since the end of July this year.
With price still above the counter trend line (CTL), there is no sign of sellers taking control of the market just yet.
If price can close below the CTL, there may be opportunities to short this market if it meets your strategy rules.
Support at 1.07500 could be a final target to consider.
The Shift to Aussie Fundamentals
AUD
- Hawkish rethoric
- Market Internals (Yield diff., Infl.Exp.diff, Impl.Vol)
NZD
- Market Internals
Technical & Other
- Entered with buy limit; 1/2R should be closed according to the price action halfway to the initial SL. The total assumed risk is 1R.
Setup: S(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Down
Min target: Aug high
Risk: 0.41%
AUD/NZD H4 | Uptrend to resume?AUD/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.0885 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.0842 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 1.0944 which is a resistance level that sits under the 61.8% Fibonacci retracement level.
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AUDNZD: Intraday Bullish Confirmation?!🇦🇺🇳🇿
Update for our yesterday's setup on AUDNZD.
The pair leaves clear bullish clues, forming an
inverted head and shoulders pattern on an hourly time frame
and breaking its neckline.
The market has a nice potential to continue growing.
Next resistance - 1.0944
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AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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