NZDAUD trade ideas
Short IdeaBearish, re-tracement leg possibly ending and waiting for price to hit zone before initiating sells for lower prices.
Safe & happy trade.
AUD/NZD Rebounds from Support Following RBA Policy DecisionThe AUD/NZD cross recently found support around the 1.0600 area after the Reserve Bank of Australia (RBA) announced its policy decision, sparking a reversal of previous losses. Currently trading near the 1.0640 region within a range-bound area, traders may consider long positions at discounted prices.
The Australian Dollar (AUD) exhibited strength across multiple fronts following the RBA's decision to maintain the Official Cash Rate and uphold a hawkish stance. The central bank emphasized the need for confidence in inflation sustainability towards the target range. In its policy statement, the RBA acknowledged easing inflation in the December quarter, albeit remaining high at 4.1%. Notably, services price inflation showed a gradual decline but remained elevated.
Additionally, the RBA released updated economic forecasts for 2024 and 2025, revealing slight downward revisions in GDP and consumer inflation expectations. Economic growth for 2024 is now projected at 1.8%, with CPI forecasted at 3.2%, down from initial estimates of 2.0% and 3.5%, respectively. The favorable inflation outlook suggests the conclusion of the RBA's tightening cycle, potentially paving the way for future rate cuts.
While the AUD/NZD cross shows signs of rebounding from the demand area within the range box, traders eye buying opportunities at discounted prices. However, the prospect of a downward shift in the RBA's monetary policy stance may act as a hindrance to significant AUD gains, potentially capping further upside for the AUD/NZD pair.
Above 1.0500 look for further upside with1.08000 and 1.09500 as targets.
Short term sellPrice is trending above the recent lower high , also above last week's high and above yesterday's high and price is near recent resistance zone. Expected TP is 1.06684. I also expected a mid week reversal during today's New York session.
AUDNZD: Short Trade with Entry/SL/TP
AUDNZD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell AUDNZD
Entry Level - 1.0720
Sl - 1.0746
Tp - 1.0666
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD bullishIt is based on indicators, on H4 and daily S/R.
It is no financial advice. I am not a profi.
AUD-NZD Bullish Breakout! Buy!
Hello,Traders!
AUD-NZD broke the key
Horizontal level of 1.0696
And the breakout is confirmed
So after a potential pullback
And retest of the new support
We will be expecting
A bullish move up
Buy!
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AUDNZD: Important Bullish Breakout📈AUDNZD is currently experiencing an upward trend, with the price successfully surpassing and closing above a significant intraday resistance level.
This broken resistance has now transformed into a supportive level.
As a result, we can expect further bullish movement from this new support level. The next resistance to watch out for is at 1.0735/60.
AUDNZD-TREND CONTINUATIONAUDNZD is in bullish trend as it is priting new HH and HL with no bearish sign and made a continuation flag pattren.
AUDNZD H4 | Falling to support levelAUDNZD is trading at the sell entry, the overlap resistance. It could reverse and fall to the take profit level.
Sell entry will be at 1.06955, the overlap resistance.
Our take profit will be at 1.06472, the swing-low support that aligns with 38.2% Fibo retracement.
The stop loss will be placed at 1.07337, the overlap resistance.
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AUDNZD - 4H - CUP & HANDLE - LONG POSITIONIn this chart we spotted a CUP & HANDLE and we also spotted a Bullish Divergence and expect that we take a decent entry & exits.
AUD-NZD Will Fall! Sell!
Hello,Traders!
AUD-NZD has retested the
Horizontal resistance level
Of 1.0702 and the price
Action looks bearish
So I am locally bearish
Biased and I will
Be expecting a move down
Sell!
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AUDNZD looking good to start bearish runwith bearish divergence and reversal rising wedge pattern making this pair promising to enter in bearish phase.
AUD/NZD Based on the technical analysis and the failure of the resistance at the price of 1.07, the next target will be the price areas of 1.05867 and 1.05695, and since the market always has two sides, it can be said that if the price takes an upward path, the price of 1.0700 will be broken, then we need to see a correction above the 1.070, then we have to find a good place for long trade.
AUDNZD 📈 Long Trade Idea ✔We got in to the accumulation zone and downtrend is broken upwards, at least, first level shown on the chart is most probably the target that the price will reach.
Good luck! 😎🙌🏽❤️
AUD/NZD Head & Shoulders PatternI think the overall path for this pair is looking Bullish however I think a consolidation is likely before the push due to a double top formation, Bearish divergence on the 4H as well as a possible head and shoulders, which would confirm a longterm bullish Bias.
Let me know what you think
AUDNZD NEUTRAL-ranging
-look for trades only above or below the purple zone
-longs will be at the LTL
-shorts at UTL
Strong high volume on low price actionHigh Volume CNDL with a low price has been proven to be attractive for some traders. It seems that the price will be pushed higher within 4/5weeks to test previous highs.
Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watch out Audnzd for a turn. :)
Do check out my stream video for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Old NewsCaught this play last week. $ coming in a weekly discount level after a liquidity grab from previous swing low
