FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
Dear Friends
I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator.
Here is what I think for AUDNZD:

On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and made shooting star .
I will get into this trade once the current level (rising trend line of the wedge formation) is broken,

Also, currently I am short NZDCHF since yesterday London Open...
Regards,
KHAN
Hello Dr. can you please make a video on how to use EMAs. also, will your indicator be made public?
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Looks awful on the daily, should pay out
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khansalarehsan NicolasBourbaki
@NicolasBourbaki, It is indeed mate. Also check out Weekly TF
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NicolasBourbaki khansalarehsan
@khansalarehsan, nothing like fundamentals to blow up an otherwise great trade. blew mine up too
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khansalarehsan NicolasBourbaki
@NicolasBourbaki, Exactly. We could have had SL at BE or if you look at 4hrs TF all AUD crosses are visiting EMAs 14 and 21 on the way going down.
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Awesome Khan!
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@geekfred, Cheers mate!
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Good to see you back in our realm!

AUD is bearish on 6 majors out of 8 main ones on D1 chart. Probably most bearish on AUD/JPY, but AUD/NZD is a safe choice with about 150 pip potential. And your idea about convergent triangle corrective pattern on AUD/NZD is plausible as it has the shape and moves needed.

Would be keen to see tests on the indicator you have been working on.
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@Erland, Cheers mate. Many thanks and yes I think if it breaks it has a great potentiall to move 50 pips +
I am short NZDJPY too but looking at longer TF AUDCHF and NZDCHF look really bearish with no major support in near term.
Yep I am testing it both on manual trading and strategy.
Have a great day mate,
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