The AUD/NZD pair is currently in an ascending channel formation. It is currently taking support at its supportive trend line. Hence we expect the pair to bounce back strongly from this zone. Conservative traders can go long once it breaches the resistance line.
AUDNZD IS LITTLE BIT OF RISKY, BUT WE CAN TRADE WITH SMALL SL AND BIG TP
RBNZ monetary policy statement impact has completed the pattern we have expected earlier. Currently we are anticpating a wave down to complete a 3 wave correction. This wave can happen anytime now. It may be impulsive or corrective in nature. The medium term is short with a TP of about 200 - 250 pips and SL of 100 - 150 pips. Expected duration of the trade is 30...
With the quiet wage growth and low inflation, the RBA likely to paint a neutral color in August meeting. With the low inflation, we expect the RBNZ is expected to keep the OCR at 1.75%. The bulls should hold the 1.0850 to continue the uptrend to 1.1020 and 1.1070-1.1100 with potential resistance exists at the 61.8% and 80.0% fib reactions.
If YPP (P) 1.08720 functions as a support line, think long. The first limit is WePP (R1) 1.09559 The second limit is 1.10000 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the...
If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly...
the price seeks to reverse the previous bullish guideline and possibly consolidate to double top, our strategy is as follows: MODERATE SALES BELOW 1.091, THEN SELL BELOW 1.085 to OBJECTIVES MARKED
AUDNZD has shown indecision at resistance level 1.07 Short with a Stop of 1.07026 for a target of 1.06949
Hey! A little late in posting this one, thought I'd let it get close and post but was away from the computer. The stock is near the stop I had expected, but hasn't hit it yet. Can go short at Current Price Levels with just a 5 pips stop. Targets can be : Entry level at 1.04490 & Cypher target at 1.04182 Stop: 1.04198 This can also be looked at a...
Bearish Divergence is seen in the hourly chart. We can short this as per the risk reward in indicate.
Reason : Another touch to 1.064 to be played, which ideally to be 2/3 wave format.At that spot short entry arises, a small south side direction movement upto 1.053. The larger trade would be complete reversal till 1.035 to start from there with lower lows.yet, more time correction first. Timeframe : Whole play to carry out early next week.