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Audnzdshort

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
AUD/NZD 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - The price broke below the ascending trendline, signaling a potential bearish shift in momentum. 2. Resistance Zone: - The price is trading below the highlighted resistance zone (1.10560–1.10600) and retested it, confirming it as a potential supply area. 3. Bearish Setup: - A short trade setup is active, with the stop-loss placed above 1.10755 and take-profit targets at key support levels near 1.10446,1.10314 and 1.10025. --- Trading Scenarios: 1. Bearish Continuation: - If the price breaks below the first target level (1.10446), it could head toward the next support zone at 1.10314. - A sustained bearish momentum could even target 1.10025. 2. Invalidation of Bearish Setup: - If the price closes strongly above 1.10755, the bearish setup will likely be invalidated, and the trend could turn bullish. --- Trading Plan: - Entry (Sell): Below 1.10560 - Targets: 1.10445, 1.10315 and 1.10025. - Stop-Loss: Above 1.10755 --- Patience and disciplined risk management are essential for this trade. Ensure to monitor momentum closely. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
AUDNZD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
AUDNZDAn ascending channel is a chart pattern in which the price of an asset is rising within two parallel trendlines. This pattern typically signals that the price is likely to continue rising, and suggests that traders should consider taking a short position, or selling the asset, if the price breaks out of the channel. In this case, the AUDNZD price broke out of the ascending channel, suggesting that the trend was likely to reverse and the price to fall. As such, traders should look to take a short position on the asset.
Short
by RoxCapitals
AUDNZD Trading Plan - 12/Jul/2022Hello Traders, Hope you all are doing good!! I expect AUDNZD to go DOWN after finishing this correction. Look for your SELL setups. NOTE: I expect another up thereafter but let's see how next wave will behave. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper