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Aud-nzd

AUD/NZD potential swing trade long above the April lowAUD/NZD has fallen 3% since the April high, although it looks set to build a base above the April low. A Rikshaw Man Doji formed on the daily chart above this key support level and a bullish RSI is forming on the RSI (2) to hint at a near-term inflection point. What may help it rally from here is Bloomberg's report that the RBA considered three rate paths ahead of their February meeting, two of which saw rates climbing to 4.8%, and the other at 3.35%. Given rates are now 3.8%, it leaves room for more hikes and for the RBA OCR to close the gap with RBNZ's. The bias remains bullish above the April low and for a counter-trend rally towards the 1.7034 high.
Long
by CityIndex
AUDNZD Potential UpsidesHey Traders, In today's trading session, we are paying close attention to the AUDNZD currency pair, as we believe there might be an opportunity to buy around the 1.09600 zone. From a technical standpoint, AUDNZD is currently in an uptrend but experiencing a corrective phase. It is approaching a significant support zone around 1.09600, which adds to its appeal as a potential buying opportunity. From a fundamental perspective, it's worth noting that the Reserve Bank of Australia (RBA) is still in the process of gradually raising interest rates. This indicates their intention to tighten monetary policy in order to manage the economy. On the other hand, the Reserve Bank of New Zealand (RBNZ) has officially halted any further rate hikes, suggesting a more stable or potentially looser monetary policy approach. Considering both the technical and fundamental factors, the current market conditions suggest that the AUDNZD pair could present an attractive buying opportunity near the 1.09600 support zone. Trade safe, Joe.
Long
by JoeChampion
8
AUDNZD, H4 | Double Top Reversal?We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from. We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the pullback support level and a major 23% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
2
Institutional Supplu: AUD/NZD ShortHi again! Cool - it's time to share the second chart I've my eyes on as well for the upcoming 48 hours! It is of course AUD/NZD (again) but this time for a potential short play! Overall, our criteria points are met, and they are rather simple so that is nice. However, we've some additional things that I like! And, that is the fact that this pair is getting very over-extended and that is pretty rare for pairs such as these. This does increase the probability of my zone playing out for a pullback, so I'll be waiting! Of course, the 4hour time-frame is what I am looking at to confirm my bias. Kind regards, Max Nieveld
Short
by newcapitalfx
1
AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
14
AUDNZD showing strong upside with a breach in the W target 1.140AUDNZD W Formation has formed over the last month. The price has broken above the Neckline, showing strong upside to come. We have other indicators confirming this. 7>21 - Bullish RSI>50 Target 1.14000 SMC - Sell Side LIquidity Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. Looking good! I'll let you know as this trade plays out and what adjustments I will make along the way.
Long
by Timonrosso
AUDNZD will go downPair Name: AUD/NZD Time Frame: 4hrs Chart Direction: short Comment: 📢 Market Update 📉💰 📊 It appears that we could witness a bearish price movement based on the current technical analysis. The price has successfully filled the existing imbalance and encountered resistance at the prominent level of 1.09000. My target is to exploit the significant downward potential required to balance the market. 💱 At the moment, the AUD-NZD pair is undergoing a bullish correction. However, my analysis suggests that we might anticipate a downward shift in the near future. Consequently, I recommend considering a selling position to take advantage of this expected move. Stay tuned for further updates and trade wisely! 💹💵📈 ❤️ Please, support my work with Like and subscribe to never miss a new idea! - thank you!❤️
Short
by michaelmolek
1
AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Fundamentally with current inflation issues in Australia AUD is looking attractive for investors as RBA is heading towards further rate hikes. Trade safe, Joe.
Long
by JoeChampion
3
AUD/NZD Possible Short term Upward MoveHello Traders NZD dropped hard in the last days of last week. Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term. We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward. Also, some indicators(stochastic) are showing possible correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
AUDNZD: Sell signal confirmed.The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP = 1.05300) and is the price closes under the S1, we expect a bearish extension to S2. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Analyzing 8 Currencies: A Weekly Forex Breakdown & InsightIn my trading strategy, I analyze eight custom currency indexes on the 30-minute time frame to capture short-term market movements. I utilize pivot points, Exponential Moving Averages (EMAs), and various technical analysis techniques to develop a bullish or bearish bias for each currency. By examining the interactions between these indicators and price action, I can better understand the direction of the market and identify high-probability trading opportunities that align with the prevailing market sentiment. By focusing on the strength and weakness of major currencies and aligning our trades with the overall market mood, we aim to make informed decisions in the dynamic world of forex. Here's how I use these charts! Custom Currency Indexes: I've created custom indexes for eight major currencies: USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD. These indexes help me monitor the strength and weakness of each currency relative to the others, giving me valuable insights for my forex trades. Market Sentiment: I also pay attention to the overall market sentiment, which is generally considered "risk-on" when AUD, NZD, and CAD are showing strength, and USD, CHF, and JPY are showing weakness. This risk-on mood indicates that traders are more willing to take on risk, favoring higher-yielding currencies like the AUD, NZD, and CAD. Analyzing Currency Pairs: When looking for trading opportunities, I analyze both the relevant currency indexes and the market sentiment. For example, if I'm considering a trade on the AUD/USD pair, I would look at the AUD index and the USD index to gauge the strength and weakness of the currencies. Matching Up with Market Sentiment: If the strength and weakness of the currencies in the pair align with the overall market sentiment (e.g., AUD is strong and USD is weak in a risk-on environment), it may be a good time to take the trade. If the currency strength and weakness do not match up with the market sentiment, it might be better to stay out of the trade. In summary, my forex trading strategy combines custom currency indexes, market sentiment, and analysis of individual currency pairs. By considering these factors together, I aim to identify favorable trading opportunities in line with the prevailing market conditions. __________________________________________ My current bias for each currency on the 30 minute chart. May 7, 2023 USD: The USD is clearly experiencing a downward trend. Recently, there has been a significant refusal to breach a resistance zone, causing it to fall below all of my EMAs. I believe the downward momentum is likely to persist. GBP: Recently, the pound has gained considerable upward momentum and appears to be preparing for a sustained movement in the same direction. EUR: The EUR has lately broken through long-term trends and support levels, indicating a potential continued decline. While I maintain a bearish outlook, I am closely monitoring price movements. I have observed an RSI divergence on the 30-minute chart, which I consider a warning to be wary of additional declines until a substantial pullback occurs. JPY: Recently, the JPY has broken a short-term trend and a head & shoulders pattern. The price is now below all of my EMAs and is moving in accordance with the longer-term downward trend. CHF: The CHF has recently broken a long-term trend and support level. Currently, the price is retesting the previous support as potential resistance. Based on this price behavior, I anticipate further declines. AUD: While the AUD is experiencing an upward trend, it is encountering notable resistance levels that could exert downward pressure. Nevertheless, I will maintain my bullish stance until evidence suggests otherwise. NZD: The NZD has recently displayed strong bullish momentum, and my inclination is towards an upward direction. However, exercise caution as the price action has formed a bullish continuation pattern, but there are indications of decelerating momentum, suggesting a possible pullback in the near future. CAD: The CAD has experienced a substantial upward surge lately. Although I am currently bullish, the price appears somewhat extended and is approaching a recent high, which could lead to some selling pressure.
by natron
2
AUDNZD Triangle close to breaking outThe AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern: The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the price closes above the Triangle (Lower Highs trend-line), we will buy the break-out, target 1.10000 (bottom of Pivot Zone) and then short from the top for the long-term. P.S. The RSI's Rectangle can be of additional help for buying and selling. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
AUDNZD | Australian Dollar New Zealand Dollar STRONG BUYDownside risks for NZD remain, though, given asymmetric risks to RBNZ pricing. The persistent curve inversion suggests markets are pricing in a risk of a policy mistake. We are watching the Feb RBNZ meeting closely, particularly for guidance on the balance sheet," "We expect AU D to outperform NZD (targeting 1.08) given risks that swap traders reduce expectations for RBNZ policy (current implying a likelihood of 6 hikes in the next 12 months),"
Long
by DaveBrascoFX
1
AN coming to a supporton the higher timeframe, price might get supported..might not..lets see.rate news next week for AUD. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys