If AUDNZD breaks the support level at 1.0806 (pink line) there is a high chance, that we may see a continuation right to 1.0783 (blue line) which is the key support level now confirmed by 3 Fibo retracements (low - 1.0573 to high - 1.0912; low - 1.0700 to high - 1.0912; high - 1.0912 to low - 1.0806) 38,2%, 61,8% and 127,2%, and 2 old resistance (now support)...
I´ll try a short position on AUDNZD considering a possible fibo retracement after the last bullish impulse. Stop located above 1.0722 on a daily close
The pair just did a huge correction to the upside and faid just after Australian market closed. Right now the pair seen moving towards the level when RBA announced no change on interest rate. What does this mean? This simply mean a good month for swap traders that relies on interest rate earnings. More dump of Aussie across the board. For AUDNZD, the parity level...
AUDNZD have a demand zone around 1.037 , with several downside attempts being rejected. I´ll try opening longs with SL below that level , on a daily close Also price formed a bullish engulfing pattern Lastly , it broke short term descending line
AUDNZD has reached all time lows. Price action has now rebounded slightly and now retesting the broken trendline/prior support. You can see we also closed the week as a pin bar. I am expecting to now see 0.9800-0.98500, which is where AB=CD and the 1.618 fib level of the last leg.
With dairy prices plummeting, AUDNZD seems to be under bullish momentum especially after hitting over 8 year low in Jan 2014. It also finished it's 5 month long massive divergence in January. Next target price could be at the resistance level @ 1.1159 handle. After that if it breaks It might go as high as 1.16519 level by mid of 2015.
High Probability Setup: AUDNZD got rejected by 0.5 FIB in overbought condition on RSI. This also has a confluence of regression channel topping. Target @ 1.0847 Stop @ 1.10356 R/R Ratio = 2
AUDNZD: Risk $1 and Get $10 Reward.
AUDNZD: Next Move Possible. Note: This is only for Educational Purpose this is not Investment advice.
AUDNZD 4H, After the monthly close AUDNZD has been over-extended to the upside and the price started to drop as there is a probability of a deeper retracement. It is highly likely that AUDNZD will continue to drop and on the rejection of the previous support as resistance, A sell trade is highly probable. Press the like button if you enjoy this content : )
AUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D. Entry and Stop Loss: Entry: 1.09480 Stop Loss: 1.09850 Take Profit Targets: ...
AUDNZD (4H) has over-extended to the upside for a long period of time. Price currently had a bounce from the monthly resistance. On the 4H timeframe price created a strong bearish price action with bearish Doji which has tested the neckline of the reversal pattern as resistance. As daily has formed Middle Man, It is highly likely that AUDNZD will have another wave...
Here is my view for AUDNZD on h1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUDNZD has strong support area potential to go up!
AUDNZD has formed a double top on the resistance of the local down trend. The price has already been tested the neckline of the double top, support as resistance, and has formed double Doji on the 4H. High probability that the price will drop based on 4H candle close confirmation. Press the like button if you enjoy this analysis :)