SamKent

AUD/NZD 1D Levels and Analysis

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
1
The AUD/NZD has reached a demand level, and looks to be in the midst of a possible bounce higher. We'd be buyers on a break of the descending trend-line, aiming towards the 1.09980 level as a profit target, with a stop just below the recent swing low. Alternatively, if the trend-line holds, and the pair trends lower, we'd be interested buyers on a round trip back to the 1.0650 area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.