Encouraging signs for AUD/NZD long emerge

FX:AUDNZD   Australian Dollar / New Zealand Dollar
173 0 1
We expect the Bearish Gartley formation to proceed further. Some encouraging signs for AUD/NZD             upside have emerged.

The pair has bounced back from 1.0567 levels, has closed above the trendline resistance at 1.0620 which has currently flipped to support.

A break above 1.0679/81 resistance (highs Dec 17 & 24) will give more confidence, could establish a bottom for the pair, tests of 1.1086 levels (Nov 24, 25 highs) then likely.

Stochs have rolled-over from oversold territory with a bullish crossover, RSI on dailies has also bounced-off 30 levels and is currently at 43 and points north.

We also see a positive MACD line crossover on signal line, the histogram back into positive territory.

We expect furthering of the Bearish Gartley formation, and would go long on dips around 1.0645, SL: 1.0500, TP1: 1.09, TP2: 1.1080

Resistance Levels:

R1: 1.0667 (Dec 30 highs)

R2: 1.0679/81 resistance (highs Dec 17 & 24)

R3: 1.0741 (21-Day MA)

Support Levels:

S1: 1.0625 (5-DMA)

S2: 1.0606 (Dec 30 lows)

S3: 1.05 (Oct 30 Lows)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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