AUDNZD short idea On bigger timeframes AUDNZD trending to downside by respecting trendline stricly. Also price formed descending triangle. I have an idea to sell it until support. RR will be very good at 1:3
NZDAUD trade ideas
AUDNZD - Symmetrical TriangleLooking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels.
Im looking for BUYING opportunities on a lower time frame.
AUDNZDThis looks like a classic reversal. You can check also on the H1 and let me know what you think.
AUDNZD SELLPossible move on AUDNZD, expecting price to break from the trendline before selling to the 1.06000 zone, apply risk management.
AUDNZD BUY AUDNZD
There is no divergence in the RSI indicator so buy it at the market price
CMP = 1.07290
SL = 1.06991
TP = 1.07586
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.
