AUD/NZD Analysis
Updated
The pair is trading within a rising channel pattern, signaling a bullish outlook. It is currently near the lower range of the channel, suggesting potential upward momentum.
🔍 Key Observations:
The price is bouncing off the channel support, aligning with bullish sentiment.
RSI is neutral, leaving room for upward movement.
Bollinger Bands indicate potential for a move toward the upper boundary.
🎯 Plan:
Entry: Around 1.1040
Take Profit 1: 1.1065
Take Profit 2: 1.1085
Stop Loss: 1.1022
💡 Look for clear confirmation of support holding before entering. Always use proper risk management! 🚨
🔍 Key Observations:
The price is bouncing off the channel support, aligning with bullish sentiment.
RSI is neutral, leaving room for upward movement.
Bollinger Bands indicate potential for a move toward the upper boundary.
🎯 Plan:
Entry: Around 1.1040
Take Profit 1: 1.1065
Take Profit 2: 1.1085
Stop Loss: 1.1022
💡 Look for clear confirmation of support holding before entering. Always use proper risk management! 🚨
Trade closed: target reached
Take profit 1&2 reached!
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