Price is testing our major resistance at 1.0658 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.0554 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.0606 (horizontal ...
AUDNZD is approaching our first resistance at 1.0671 (horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.0603 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major resistance ...
AUDNZD is approaching our major resistance at 1.0658 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support level at 1.0554 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support level at 1.0606 ...
AUDNZD is approaching our first major resistance at 1.060 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support level at 1.0489 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 1.0554 ...
AUDNZD is approaching our first major resistance at 1.0601 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.0489 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 1.0554 (horizontal ...
AUDNZD broke out of our short term descending resistance-turned-support line and is approaching our first support at 1.0554 (horizontal overlap support). A strong bounce might occur above this level, pushing price up to our major resistance at 1.0605 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is ...
AUDNZD downtrend may be reversing. PSARS, Awesome Oscillator, and Accelerator all lined up green for a buy signal. Awesome Oscillator hit a support level.
Recommended SL: 1.0536
Recommended TP: 1.068 (2.5 RR)
We are once again revisiting these lower levels for the 6th time in the last 5 years. This is a major reversal zone filled with plenty of demand for Aussie dollars. I am long AUD against NZD.
Looking at the bigger picture, if there is any continuity in the reversal then the risk reward dynamic is extremely asymmetric. If AUD breaks below the trendline then the ...
AUD/NZD finds support at 5-DMA at 1.0552, we see minor weakness on break below.
RBA minutes showed the policymakers see little reason for a near-term move in policy. While fresh China slowdown concerns knocking the kiwi lower.
The pair is trading 0.24% higher on the day, edging higher from session lows at 1.0552.
Price has broken above 78.6% Fib at 1.0567, but ...
Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum.
You can check my ...
It looks as though AUDNZD is returning back to the trend line on the daily - awaiting a reversal pattern or a strong bullish impulse to confirm that this trend line is to be respected.
