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Australian Dollar / New Zealand Dollar

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AUDNZD trade ideas

AUDNZD Potential drop from the ResistanceAUDNZD has rebounded from the channel border after forming a consolidation zone. The market remains bearish on both the daily and 4H timeframes. After recently hitting the support level, the price has moved sideways, suggesting it may continue to fluctuate between the established range's upper and lower boundaries. Considering that the price has rebounded from this level twice before, there is a strong possibility it may do so again. However, if the market breaks through the trendline and the key support at 1.08500, it could signal a continuation of bearish momentum and lead to even lower levels. The target is the support level at 1.08200
Short
by RTED_Investing
Lingrid | AUDNZD Bearish MARKET RangeOANDA:AUDNZD has bounced off the channel border after forming a consolidation box. Overall, the market is in a bearish trend on both the daily and 4H timeframes. Following the recent hit to the support level, the market has moved sideways, suggesting that we can expect the price to oscillate between the bottom and top of the established range. Given that the price has bounced off this level twice before, I believe there’s a good chance it will do so again. I expect the market to continue downward movement by breaking through the trendline and the key support level at 1.08500. If this level is broken convincingly, it could indicate a bearish momentum and potentially open the way for further lower level. My target is support level at 1.08200 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
#AUDNZD 1DAYAUDNZD Daily Trade Overview Trade Setup: Buy AUDNZD Entry Point: 1.08100 Target Levels: -Target 1: 1.10200 -Target 2: 1.11200 Description: The AUDNZD pair presents a favorable buying opportunity on the daily chart. A buy entry is suggested at 1.08100, where the current technical analysis indicates potential for upward movement. This entry level is supported by recent price trends and a generally bullish outlook for the Australian Dollar relative to the New Zealand Dollar. Target Levels: 1.Primary Target (1.10200): This level serves as an initial profit-taking point. It reflects previous resistance and is a logical point for partial exit or to secure gains if the price moves in our favor. 2.Secondary Target (1.11200): This is a higher target for those looking to capitalize on a more extended uptrend. It aligns with longer-term resistance levels and broader market trends. Strategy: Entry:Pl ace a buy order at 1.08100, observing price action around this level. Stop-Loss: Implement a stop-loss order to manage risk and protect against unexpected price reversals. Position it below recent support to allow for normal market fluctuations. Monitoring: Continuously monitor market conditions, economic news, and price action for any signs that might affect the trade's performance. Adjust targets and stop-loss orders as necessary based on evolving market dynamics. Summary: This trade setup offers a potential opportunity to capitalize on an anticipated rise in AUDNZD. The outlined targets provide strategic exit points for profit-taking, while appropriate risk management will help mitigate potential losses..
Long
by PIPSFIGHTER
AUDNZD - LONG IDEAOn Monday (manipulation day) price swept previous week low (PWL) with a great sign of strength - market structure break (MSB). Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a lover low, but indicator show us also sign of strength by not making lover low in histogram). As a target, I prefer the opposite liquidity pool to the previous week high (PWH). Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Long
by Maks_Klimenko
1
AUD/NZD LONGThe AUD/NZD pair is benefiting from the relative strength of the Australian dollar (AUD) over the New Zealand dollar (NZD). Given the AUD's technical strength and positive outlook, buying on dips in AUD/NZD is a strategic move to capitalize on the potential appreciation of the AUD relative to the NZD. Economic factors also play a role, as the Reserve Bank of Australia (RBA) maintains a hawkish stance, contrasting with the more dovish approach of the Reserve Bank of New Zealand (RBNZ). This divergence in monetary policy could potentially widen the rate differential in favor of the AUD. In terms of market sentiment, the NZD is currently oversold, similar to the Norwegian krone (NOK), making it a prime candidate for a bounce. Combined with the strengthening fundamentals of the AUD, the AUD/NZD pair presents a favorable risk-reward profile. Investment flows reflect this dynamic, with AUD positioning being robust as the longest among G10 currencies, while the NZD remains under pressure due to its oversold conditions and global risk sentiment.
Long
by kierianf
2
Sell AUDNZD Before It's Too LateDisclaimer: This post is for informational purposes only and does not constitute financial advice. Trading involves risk. Always conduct your own research or consult with a financial advisor before making investment decisions. The AUDNZD pair is exhibiting a compelling bearish setup, suggesting a potential opportunity for short-term traders. A confluence of technical and fundamental factors is driving this downward bias. Fundamental Factors: Diverging Central Bank Policies: The Reserve Bank of Australia (RBA) is signaling a potential pause or end to its tightening cycle, while the Reserve Bank of New Zealand (RBNZ) is expected to maintain a more hawkish stance. This divergence in monetary policy can weigh on the AUD relative to the NZD. Economic Indicators: Recent economic data for Australia has shown signs of slowing growth, while New Zealand's economy appears to be more resilient. This economic disparity can also contribute to AUD weakness. Benefits of Shorting AUDNZD: Potential Profit: A short position can benefit from a decline in the AUDNZD exchange rate. Hedging Strategy: Shorting AUDNZD can serve as a hedging tool against potential losses in AUD-denominated assets. Diversification: Adding AUDNZD shorts to your portfolio can diversify your trading strategy and reduce overall risk. Would you like to add any specific technical indicators, chart patterns, or fundamental data points to strengthen the analysis?
Short
by FtradeFXArabic
5