OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Hi there,

AUDNZD is struggling at top. Watch price action on lower time frame and look for sell and add on corrections all the way to the lows.

Good Luck
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:

Comments

Just there where you show...
Will you update your idea ?
Thank you for your interest.
+1 Reply
On what bearish evidence? I see only bullish evidence
+1 Reply
Broken weekly strong registance
+1 Reply
I like your conclusion,
I'm looking at the weekly bullish counter-trend approaching the center of a monthly bearish regression trend. Then I'm looking at the last time the chart crossed that center line and ...
During the last global slow down Australia was pretty much unaffected.

However this time... if anyone is less affected it's New Zeland. Only 1575 cases 22 deaths and they just ended a 4-month streak without a new outbreak (due to 4 new cases, yesterday). Summer unemployment is at 4% just like it was last year & the year before that! So what if they made tons of unemployment funds available ... their not using it!!! Being from Ohio we have 10 counties that have way more cases than New Zeland. Don't get me wrong Australia issues with the pandemic are low as well compared to my state. Australia did go one day without reporting a new case which is impressive However, that's a far cry from 4 months!

Eventually, this pair will price flip and the weekly and monthly will be heading in the same direction ... Just don't know if that's now or at the end of August?
The older trend line from 2019 would reject the price were it to magical reach 1.1034 today. Seriously thinking of changing my grip on this one.
+1 Reply
thanks for your analysis!
+1 Reply
agree. good point for sell
+1 Reply
No, not yet
+1 Reply
All people are waiting for the sell. I think volume indicator will help you to find the sell trend!!!!
+1 Reply
thanks...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out