NZDAUD trade ideas
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0220). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.0124
TP2= @ 1.0075
TP3= @ 1.0020
SL: Break Above R2
AUD/NZD Technical AnalysisAUZ/NZD Trend is Short in Long term, But Showing a Short Buy trend and Ultimately Leading yo a long Sell position.
Siby Varghese
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1.0504
TP2= @ 1.0660
TP3= @ 1.0830
SL= Break below S2
AUD/NZD intraday BUYOur pivot point is at 1.0430.
Our preference:
rebound towards 1.0480.
Alternative scenario:
below 1.0430, expect 1.0410 and 1.0400.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0447 and 1.0451).
AUD/NZD intraday SELLOur pivot point is at 1.0480.
Our preference:
the downside prevails as long as 1.0480 is resistance.
Alternative scenario:
above 1.0480, look for 1.0490 and 1.0500.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0462 and 1.0466).
AUD/NZD intraday BUYOur pivot point is at 1.0460.
Our preference:
as long as 1.0460 is support look for 1.0500.
Alternative scenario:
the downside breakout of 1.0460 would call for 1.0440 and 1.0430.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0465 and 1.0444).
AUDNZD ANALYSIS I analyzed the market to capture the upcoming movements based on my technical knowledge . This idea is completely my view for knowledge purpose i'm sharing this .
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0436). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.0520
TP2= @ 1.0603
TP3= @ 1.0660
SL= Break below S2
