AUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link )
*AUD events will be the drivers during trade.
AUD Previous Important Economic Events:
- Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. )
- Business Confidence ( Below...
Nzdusd set to resume wave 3 to the down side after a simple zig zag correction (wave 2).
Target asn invalidation level is as shown on the chart.
Goodluck
Pattern: Triangle on 1D.
Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if the Higher Lows trend-line breaks.
Target: (A) 0.6300 (the Resistance), (B) 0.6000 (the Symmetrical Support).
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Most recent NZDCHF signal:
Pattern: Channel Up on 1D.
Signal: Sell as the Channel Up is on Lower Highs with the price near the 2 year Lower High trend-line and the RSI being rejected on its 2 year Resistance Zone.
Target: 64.000 (just above the Support).
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Pattern: Channel Up on 1D.
Signal: Bearish as the pattern is about to print a Golden Cross, which even though is traditionally bullish, it has been bearish for NZDUSD on the last 3 occasions.
Target: 0.6300 (contact on the curve).
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Pattern: Lower Highs on 1W since February 2017.
Signal: Bearish as the price is entering the Lower Highs Zone (red Rectangle) from March 2019.
Target: 0.85000 (just above the 0.8450 May 2020 Support).
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Previous NZDSGD signal:
Pattern: Channel Down on 1D.
Signal: Bearish as long as the Lower High trend-line works.
Target: 1.7530 (Lower Lower trend-line).
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Most recent signal:
Pattern: Channel Up on 1D.
Signal: (A) Bullish as long as the pattern's bottom line holds, (B) Bearish if it breaks.
Target: (A) 0.61000 (just below the inter-pattern Lower Highs) and (B) 0.59100, 0.58450 (Support 1 and 2 respectively).
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Pattern: Channel Down since late 2017.
Signal: Bearish as 1) the price was rejected on the Lower High trend-line of the pattern, 2) the MACD made a bearish cross, 3) the rejection took place around the 0.786 Fibonacci.
Target: 1.0200 and 1.000 if you want to take higher risk.
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