FX:AUDNZD   Australian Dollar/New Zealand Dollar
245 5 2
Technically: Major Pin Bar at horizontal resistance and 50-days average. Looking for intraday short opportunities as long as below this resistance. A break above the high of the pin bar would suggest strong bullish pressures, and will probably shift the short to medium term bias to bullish .

Fundamentally: Following the RBA's less dovish tone, concerns over rising inflation , and less concern of emerging market. Expectations of further interest rate cuts over the near term has almost diminished, and that could boos the AUDUSD             . However, another bearish attempt remains technically possible following the major rejection at 1.0915 resistance yesterday. Eyes should be at that resistance for the continuation of the rally.
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I agree mate, :) cheers & good luck on your trade !!!
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agreed! I'm looking for an entry around 1.07000 - 1.07500 because it looks like it is going to be very good support, also 50% fib of last week's rally. If it does turn from that level, we will also have a perfect inverted H&S
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Technician TOP vlad.adrian
Exactly, would be a nice setup. I would wait for a pin bar or something similar to initiate a long if a pullback to that area materialized. Good luck vlad :)
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Thank you! I'm actually trying to make an entry on H4, I use moving averages as support and this time they allign perfectly with the support level. Good luck to you too!
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Same thoughts here
AUDNZD short off of resistance
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