FX:AUDNZD   Australian Dollar/New Zealand Dollar
243 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.
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
kemagnofx PRO
2 years ago
I agree mate, :) cheers & good luck on your trade !!!
Reply
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
2 years ago
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 :)
Reply
vlad.adrian PRO Technician
2 years ago
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!
Reply
JesusDiaz
2 years ago
Same thoughts here
AUDNZD short off of resistance
Reply
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