AUDNZD Setup: Symmetrical Triangle + Bullish FundamentalsToday, I want to share a long idea on AUDNZD ( OANDA:AUDNZD ) with you.
Let’s walk through the fundamental and technical picture step by step.
From a fundamental perspective, AUDNZD maintains a mild bullish bias.
Australia’s monetary policy remains slightly more restrictive compared to New Zealand’s.
Persistent inflation pressures keep the RBA cautious about rate cuts, while recent inflation data in New Zealand has largely been priced in and has not provided a fresh advantage for the NZD.
Additionally, Australia continues to benefit from relatively stronger growth support driven by the commodity sector, which adds to AUD resilience.
Overall, the fundamental balance currently favors AUD over NZD, making a long AUDNZD position reasonable — though, as always, not without risk.
AUDNZD is currently trading near key support lines.
From a classic technical analysis perspective, the pair is consolidating inside a symmetrical triangle, signaling compression and a potential expansion phase ahead.
From an Elliott Wave perspective, AUDNZD appears to have completed the main wave 4, suggesting the market may be preparing for the next impulsive move.
If price breaks above the upper line of the symmetrical triangle, I expect AUDNZD to push at least toward the 1.16370 NZD as an initial upside target.
First Target: 1.16370 NZD
Second Target: 1.1668 NZD
Stop Loss(SL): 1.1547 NZD
Points may shift as the market evolves
Do you think AUDNZD can resume its upward trend?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Australian Dollar/New Zealand Dollar Analysis (AUDNZD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
