AUDNZDBreaking the downtrend line is an attractive idea to buy up to the desired targets, considering the bad funds of the New Zealand dollar.Longby ShahdadiH332
Scallops Pattern Scallops Descending Price looks like it’s selling off once again Sell the next retest of resistance Shortby ZODOGHOUSE0
AUD/NZD Testing Support Ahead of the RBNZ AnnouncementActive Daily Support As can be seen from the daily chart of the AUD/NZD, the trend is evidently clear: it is to the downside: a series of lower lows and lower highs. However, we are at support from NZ$1.0587, a level delivering history as far back as early 2023. While buyers did step in from here in early February 2024, resistance from NZ$1.0673 proved to be too much of a technical ceiling for the bulls, and we are now testing the aforementioned support once more. It is widely expected that the RBNZ will hold the line at tomorrow’s meeting at 1:00 am GMT, maintaining the Official Cash Rate at 5.50% (marking a fifth consecutive hold). Out of 24 economists from Bloomberg, 22 forecast a hold while the remaining two lean in favour of a 25bp hike to 5.75%. Markets are also pricing in just a 25% chance that the RBNZ move with a 25bp hike. You may recall that the last meeting at the end of November 2023 maintained hawkish language and essentially was a hawkish surprise for markets amidst worries surrounding inflation. You may also note that the RBNZ, unlike most global central banks who are on the doorstep of adopting an easing policy, communicated that if inflation were to come in hotter than expected, the central bank would likely need to tighten policy. AUD/NZD Support to Hold According to Expectations With Aussie CPI inflation anticipated to come in slightly higher (this is the monthly CPI indicator and is released 30 minutes prior to the RBNZ announcement) and the RBNZ expected to hold, a bid in AUD/NZD from current support could emerge. This, of course, conflicts against the longer-term technical picture, echoing weakened support and a downside bias. Overall, therefore, a possible scenario is that a short-term bid occurs following the release of the news, though getting past offers at resistance from NZ$1.0673 is questionable. Longby FPMarkets5
AUD NZD LONG IDEAAN completed 3 corrective elliot wave down. Im expecting a solid long. Using M5 for a more precise entry. Do keep your due diligence and enter at your own risk! Good luck traders!Longby ChathifriendsUpdated 6
Bearish flag pattern Price will potentially move towards taping into the 90% Rule area to retrace and move down towards taping into the previous weekly support area, which will form an area of equal daily lows. Price is potentially going to shoot up towards or close to target area, if not, price will move further down to the lowest weekly support area. Enter at 15min timeframe to maximise RR.Longby SM_Makhuba1
AUDNZDAUDNZD is trading in Bullish trend after breaking its last LH with no divergence at top secondly at 0.618 fib support AND At horizontal support and making HL place buy with risk defined below Last low Longby Trade_WithOsamaUpdated 4
AUDNZD..BUYAccording to the pinned analysis, we are waiting for the price correction to the desired ZONE for the short position, but the same correction can also be bought, so if you trade, control the risk because this purchase is only a correction. OANDA:AUDNZD BUY position can be taken in the specified ZONE There is no position before the ZONE Longby ForexCSPUpdated 6
AUDNZD - BuyAUDNZD forms an inverse head and shoulder plus a bullish divergence, this suggests that the chances are the trend may reverse and form new higher highs and higher lows. Take buy-stop entry which is safer than the instant buy. We still need confirmation that the neckline of the inverse head and shoulder is broken. Buy Stop: 1.06134 Stop Loss: 1.05865 Take Profit: 1.06406Longby Alee_KolachiUpdated 2
$100k Challenge - AUDNZD Long - E1 T2Hey everyone! After some time off the charts, we're back with the funded account challenge! TL; DR for those new to the series: I started a funded account challenge in 2023, which had a bumpy start with an excellent recovery. We're currently sitting at around -3% and the target is 10%. I noticed my feedback cycle was too slow as I was trading from the daily/H4 timeframes, so, starting season two of the challenge, I'm trading out of the H4/H1 timeframes to increase the feedback loop so I can identify quicker any mistakes, as I've been away from manual trading for quite a while. We started season two with a long trade. The market has found support after a long down-trend; we did have a break of a bearish trendline; however, the market kept pushing to the downside to fail to make new lows finally. This is the opportunity I'm looking for, as we had a recent failed break in the support area, and the price action currently shows a solid bullish presence, leaving a morning star pattern right at the support zone. Regarding targets, I'm aiming for the closest resistance at the 1.0700 area, and as usual, I'm leaving the second half of the trade open since I consider that if the market breaks that resistance, we're in for quite a long bullish ride. Remember to follow me so you can stay updated with the challenge's progress! ;) That's it for today. Until the next trade!Longby FernandoBorea2
AUDNZDAUDNZD Buy Stop Loss: 1.053 Possible Swing Targets: 1.061 1.062 1.063 1.066 1.069 1.072 1.074 1.077Shortby MoneyGangPhone112
AUDNZD BUYWe tapped into a 30m OB and got a BoS Entering on the OTE Targeting liquidityLongby datorres_1993113
AUD/NZD There will be good opportunity for this pair but we need to wait for daily candle to close then we have to find good place for long trade.Longby JBKONLINETRADING115
AUD/NZD There will be good opportunity for aud.nzd .we need to wait for daily candle close tonight after newYork session. Then we have to find good place for long trade.Longby JBKONLINETRADING1
AUDNZD BUYThe market is currently forming a daily base. Based on the 4hr we can see the bulls are gaining momentum. Let's see if this market will play out. Feel free to share your ideas Longby WiLLProsperForex2
✅AUD_NZD MOVE DOWN AHEAD|SHORT🔥 ✅AUD_NZD keeps falling And the pair is already Making a pullback from the Horizontal resistance of 1.0603 So I think that the price Will move further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx7
AUDNZD significant reversal.. AUDNZD, downtrendline breaking, RSI bullside divergence, may retest 0.78 fibo and goes up...Longby Manikandan_Renganathan2
AUDNZDmarket is in a current consolidation with multiple rejections on level of resistance. price movement suggest it will keep moving down towards 1.05730Shortby Fxphil_trade0
AUDNZD-- BUUY NOW BUY STOP = 1.06120 SL = 1.05648 TP1 = 1.06593 make it simple just buy now Longby samiiqbal640510
AUD-NZD Will Keep Falling! Sell! Hello,Traders! AUD-NZD is trading in a Downtrend and the pair Made a retest of the Horizontal resistance Level of 1.0601 and went Down again which reinforces Our bearish bias and We will be expecting A further bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals14
AUDNZD Will Move Lower! Sell! Here is our detailed technical review for AUDNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.059. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.055 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 114
AUDNZD - Bullish Harmonic PatternAUDNZD is showing a bullish harmonic pattern. These patterns play out well for reversals. A PRZ area forms after which a playout can be seen. It is complimented by Bullish Divergence and has a good chance to go up from here. With tight SL's Let's ride thisLongby ShahzaibNaveedUpdated 112
AUDNZD in bearish Trend AUDNZD is currently forming lower highs (LH) and lower lows (LL), indicating a bearish trend. The recent break below support suggests increasing selling pressure, potentially leading to further downward movement in the pair. "Additionally, it's advisable to manage risk by allocating 0.5% to 1% of your capital per trade."Shortby CapitalgrowthtvUpdated 1
SELL AUDNZDSell The support zone drawn on the chart becomes resistance. Stop Loss placed at the last swing. Risk-reward ratio 1:2, it is recommended to secure the trade at 1:1.Shortby davidc83051