Go long AUDNZD on weekly close above 1.0895

FX:AUDNZD   Australian Dollar / New Zealand Dollar
257 0 6
AUD/NZD             trades above its wide range channel (between 1.0895 and 1st July highs of 1.1429). AUD has been surprisingly resilient today despite plunge in commodities .

The pair has broken above 55 DMA at 1.0923 and is currently trading at 1.0931, a close for the week above 1.0895 will affirm bullish bias, a recovery back above the 1.10 handle in sight.

Immediate supports on the downside are located at 1.0905 (50 DMA) and then at 1.0849 (38.2% of post jobs bounce).

Some consolidation could be seen around channel base. Pullbacks could be seen towards 200 DMA at 1.0767. Break below 200 DMA at 1.0767 would invalidate bullish bias.

Recommendation: Go long AUD/NZD             on weekly close above 1.0895, SL: 1.0820, TP1: 1.0985, TP2: 1.10


R1: 1.0982 (Oct 13 high)

R2: 1.0987 (Oct 6 high)

R3: 1.10 (Psychological level)


S1: 1.0905 (50 DMA)

S2: 1.0849 (38.2% of post jobs)

S3: 1.0767 (200 DMA)

S4: 1.0740 (Tenkan Sen)
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out