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
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
Currently, price is in Caption-zone ( 1.08171 | 1.06901 zone) drafted from Monthly Time-frame.
Selling or Short opportunity is expected at this zone. This opportunity presents multiple Take-profit zones as charted.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Observe and Learn only:
AUDNZD🔥🔥🔥 will be good for shorting between 1.04104 and 1.04189 with SL - 1.04285 and targets;
Target 1 - 1.03903
Target 2 - 1.03792
Target 3 - 1.03706
Target 4 - 1.03597
Target 5 - 1.03415 to 1.03300
Risk only 1%❌
🔤Few Points to Note
✅Exit 50% of your positions at target 1 and let others roll, if they hit SL it's ok...
Hello all...this my personal view for AUDNZD
My target is GO DOWN
Red Line = Stop Loss
Blue Line = Target Entry Sell
Green Line = Target Profit
Anyway win or loss is your responsibility. I just sharing my trading idea. Thanks :)
Buen día para todos los que lleguen a ver este análisis, les presento mi idea sobre este par de divisas.
El mercado me indica que luego de haber roto el banderín formado anteriormente, dando impulsos fuertes alcistas y respetando zonas importantes delimitadas en el gráfico. Utilizando la herramienta de fibonacci le damos cabida a la idea de tomar una posible zona...
I hope you do read the chart. The picture tells the whole story. By the way, Australia's actual import/export/trade data was published better beyond the forecast and previous on morning. The choice is your's pals think wisely to choose the position in any on highly probability direction.