we can see break of bullish structure. Price formed higher highs and higher lows. It then created strong bearish candle that broke trendline and also created new lower low. Soon after price failed to push through the previous high and created new lower high. Price then confirmed the reversal with break of previous lower low level.
AUD-NZD is trading in a rising narrwing wedge
And the pair will soon retest a horizontal resistance
So IF we see a bearish breakout from the wedge
A bearish move down will follow
However, IF the daily resistance AT 1.09907 is broken to the upside
The setup is invalid
The AUD/NZD pair has attracted significant bids at around 1.0834 as the Reserve Bank of New Zealand has raised its Official Cash Rate (OCR) higher than the street expectation. RBNZ Governor Adrian Orr has announced an OCR hike by 50 basis points (bps) while the street was expecting status-quo maintenance by the RBNZ.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
#AUDNZD
Market is moving in horizontal channel. And rejected from strong resistance area. Also the RSI is overbought.
Time to look for selling oppurtunities.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD-NZD is trading in a descending channel
The pair recently retested the descending resistance
From the channel at 1.077, we have a harmonic pattern shown on the chart as we are witnessing a bearish reaction
I think the pair will continue to fall towards the support below 1.0320
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The Australian dollar has hit a significant historical resistance level after a bullish rally in the form of a wedge and is preparing to start a bearish rally.
Hi Traders,
AUDNZD is shaping up for a potential drop as we are moving within a LTF channel at the top of the HTF correction. We have a few good indications that a short may be possible, but only with clear bearish price action as our confirmation.
Don't rush entries yet as the price could continue to rise, be patient and ensure your rules are met.
What's your...
The Asian session wiped out all of the resistance sellers, they will be waking up sad this morning.
Since I waited for the liquidity grab, I can now consider sells if we get a pullback into the imbalance/supply with signs of rejection.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:...
