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Audnzdsetup

||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area . With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x Ps-dabag
Short
by da-bag
1
AUDNZD Shows A Strong Bullish Divergence AUDNZD has been in a bearish trend for the past few months. This decline took the form of (a)-(b)-(c) zigzag and it's enclosed within a parallel channel. The price has been moving very slowly and choppy in wave (c) of B, which indicates a lack of momentum to the downside . As you can see from the chart, the MACD indicator has been diverging higher while the price is trading lower, this shows that the bulls have been building momentum that has not reflected in the price action. In the days ahead, the bulls should reflect in the price action and take the price higher at least to the upper boundary of the channel. I will look for the break of the green lines for entry and my stop will be below the low. What's your view on AUDNZD? Let me know in the comment. Thanks, Veejahbee.
Long
by Veejahbee
2