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Audnzdsetup

AUDNZD - OVERBOUGHT CONDITIONS HINTING AT A POSSIBLE REVERSALSymbol - AUDNZD CMP - 1.1485 AUDNZD continues to maintain its upward trajectory, supported by fundamental divergence between the two economies. The Australian dollar remains resilient and continues to outperform the New Zealand dollar after the RBNZ implemented an aggressive 50 basis point rate cut, lowering the official cash rate to 2.5%, while the RBA remains on hold due to rising inflation concerns. Today's move is primarily driven by the Reserve Bank of Australia’s hawkish stance, which has further fueled AUD strength. The pair has been rallying consistently without any meaningful pullbacks or retracements, and several technical indicators are now signaling potential exhaustion within the current uptrend. A reversal setup may emerge if price action begins to show rejection patterns near key resistance zones, offering short opportunities with favorable risk-to-reward potential. Resistance levels: 1.1485, 1.1500 Support levels: 1.1427, 1.1378 However at the same time, Keep in mind that If any further hawkish commentary or policy action emerges from the RBA, it could reinforce AUD’s strength, leading to additional upside in AUDNZD before any significant correction unfolds.
Short
by akshit_official
AUDNZD - READY FOR A REVERSAL?Symbol - AUDNZD CMP - 1.14180 AUDNZD continues to maintain its upward trajectory, supported by fundamental divergence between the two economies. The Australian dollar remains resilient and continues to outperform the New Zealand dollar after the RBNZ implemented an aggressive 50 basis point rate cut, lowering the official cash rate to 2.5% - the lowest level in over three years. The central bank also signaled a willingness to ease further as the domestic economy continues to struggle. Despite this fundamental backdrop favoring the Australian dollar, the currency pair is showing signs of exhaustion in its bullish momentum and now appears poised for a corrective phase. Selling pressure is becoming evident at higher levels, and if this activity intensifies, AUDNZD could transition into a deeper correction in the near term. Resistance levels: 1.1430, 1.1455, 1.1472 Support levels: 1.1387, 1.1350 While the overall trend remains upward, the near-term bias has turned bearish as momentum wanes. However, if buyers manage to defend key support levels and regain control, a renewed cycle of bullish momentum may emerge - potentially extending toward higher resistance levels before a broader reversal unfolds.
Short
by akshit_official