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Aussie-kiwi

AUDNZD 4H Chart: Re-tested upper channel The Australian Dollar continued to be trading in a down channel against the New Zealand Dollar after hitting the upper boundary of the dotted channel on January 29. The currency exchange rate could continue moving south after the upper channel is re-tested . During the following trading sessions, the movement is likely to continue downwards to find support at the monthly S2 at 1.0725. In addition, technical indicators favour a further decline for the AUD/NZD pair.
Short
by UnknownUnicorn890690
AUD/NZD 1H Chart: Rising WedgeAUD/NZD 1H Chart: Rising Wedge The Australian Dollar was advancing against the New Zealand Dollar in a short-term ascending channel that has formed in result of a rebound from the bottom trend-line of a preceding descending channel. Three days in a row the Aussie was advancing against the Kiwi. However, after a speech delivered by the RBA Assistant Governor Kent, the pair has entered into a five hour fall that was stopped only by the approached 55-hour SMA near 1.0762. This is the point that can be classified as a second reaction low of a rising wedge. If this assumption is true, then the pair is going to climb upstairs, firstly, to reach the 1.0804 mark and, secondly, to reach a combined resistance level formed by the pattern’s upper trend-line and the weekly R2 at 1.0837.
by UnknownUnicorn890690
AUDNZD Ready For A Huge 800 Pip Bull MoveThis is an interesting pair, i have been watching and trading in the recent weeks and months. I am expecting a huge bull move. And the chart is showing that this market is getting ready for this move. On this weekly chart, we see a huge Shoulder Head Shoulder Pattern that has been forming for 2 years, and right now we are forming the right shoulder of this pattern. Now in this right shoulder we have another potential Shoulder Head Shoulder Pattern forming right now. My idea on this currency pair, is to look for long entrys. In my view there are two options right now. First would be to look for dips into 1.0400/30 area and buy with a stop below 1.0370, looking for this big daily pinbar low to hold, and targeting in the coming weeks the 1.1200 area so that this formation closes its body. Second option would be to look for another move towards 1.0310/1.0290 and buy with a stop below 1.0240 also looking for a move towards 1.1200. I am personally probably going to play both options, so if the first position is going to get stopped out, i will enter a second one hence i will adjust my lotsize on both positions. I wish you all the best, and please keep in mind, not risking too much, this markets are crazy and wise men said to build consistent profits, not trying to be rambo. Good Luck.
Long
by IamJeanPaul
4
AUSSIE - AUDUSD: RBA MINUTES HIGHLIGHTSRBA minutes broadly neutral on the margin. Aussie rates (30 day bills) are implying a 5% chance of an October 25bps cut. In general we've seen aussie rates firm up, with 30d bills moving from 7% last week and 9% the week before to now 5%, this firming/ steepening has been the general consensus further along the maturity curve where rate cut hopes are diminishing in AUD as speculation regarding a nearing RBA terminal rate/ housing market issues dampening expectations. Feb/ March 2017 is where we see a "dip" in rates or a spike in cut hopes, with there currently being 12/13bps of cuts into these dates - there seems to be an accumulation of institutional macro expectations of an RBA cut in March. Beyond here we see diminishing basis point cuts:time with the May to July differential being only 1bps (from -16bps in May to -17bps in Jun/ July). The driver for AUDUSD will likely be FED/ USD induced. AUD will provide a firm base, but has continued risk of cross selling from AUDNZD as kiwi at 2.00% remains the leading G10 carry trade. Both kiwi and aussie have the ability to push higher and maintain these higher levels if the fed confirms one hike this year, which puts the fed a hike behind the curve. RBA MINUTES: JUDGED CURRENT STANCE OF POLICY CONSISTENT WITH GROWTH, INFLATION TARGETS - Steady Decision Took Into Account Rate Cuts In May And August, Recent Data - Estimated Around Half Of The August Rate Cut Had Been Passed On To Bank Customers - Repeats Rising A$ Would Complicate Economic Rebalancing - Decline In A$ Since 2013 Continued To Support Traded Sector Of Economy - Data Suggest Economy Growing In Line With Potential - Forward Indicators Consistent With Little Change In Unemployment Rate In Coming Months - Cost Pressures, Wage Growth Set To Remain Low For Some Time - Conditions In Established Housing Market Had Generally Eased, House Price Growth Moderated - High Home Building Approvals Pointed To Significant Amount Of Work In Pipeline - Economic Drag From Falling Mining Investment Looked To Have Peaked In 2015/16
by QuantumLogicTrading
AUDJPY May Resume Uptrend TonightAUDJPY may resume its uptrend tonight with a close above the short-term trendline. If this happens tonight with confluence from our proprietary price forecasting algorithm we will be initiating a Long position in AUDJPY which will be correlated with NZDJPY. This correlation, along with proper money management, will allow us to be profitable in many different ways. We do NOT have to rely on our AUDJPY long to be correct in order to make money. For more information please visit www.unique4xpro.com
Long
by unique4x
AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]Another super awesome 'trade of the ages' on this SVP {Super Valuable Pair}! Another Super Valuable Pair similar to this one with identical price behavior is the FX:AUDCAD . Remember the NZD/CAD trades opposite to this one due to the negative correlation. I've been waiting forever for this Inverse Head & Shoulders to complete and lift-off and the party has now truly begun. Target's #1 and #2 have already been hit and the neckline hasn't even broke yet. My 3rd Target is the neckline itself then we really look forward to pyramiding those Buy positions aggressively. This sexy beast is just getting started just like almost all the other pairs with huge Daily and Weekly Head & Shoulder's formations like the Yen pairs just to name a few because they are literally popping up everywhere. I think Year 2016-2017 will be remembered as the year of the Head & Shoulders :) The AUD/NZD and GBP/NZD have a high level of positive correlation with each other so I really expect both pairs to push tremendously higher. The only upcoming event that may potentially hurt any British Pound momentum is the "Brexit" decision which is on June 23rd, 2016 so we'll see but until then I'm bullish FX:AUDCAD , FX:AUDNZD and FX:GBPNZD . However, I'm bearish FX:NZDCAD , FX:EURNZD and FX:NZDJPY which I will talk more about at a later time. Good luck traders, and may all your trades be profitable!
Long
by FractalEyeZ
A Solid Correlation Setup Between NZDUSD & AUDUSDWe have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar. This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. In the past week any time we've seen a spread widen to 100 or more pips it eventually narrows back to 0 pips as the pairs come back into correlation with each other. The pairs have been 70% - 90% correlated during the past year, depending on the timeframe you analyze. Our algorithm is currently an 82% chance AUDUSD pulls in while giving us an 65% chance that NZDUSD rebounds in price. Please keep in mind this is not the same as entering into a Short AUDNZD position as one must account for the third economy introduced in this correlation position, the US Dollar. The US economy (therefore the US Dollar) may react to the New Zealand inflation numbers differently than the Australian economy. Also keep in mind, a correlation trade greatly reduces our DIRECTIONAL RISK. To us it really doesn't matter if we are right or wrong, which way the pairs move, because ounce the correlation narrows and gets back on track close to 70% - 90% we will have a nice profit on our hands. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com
Long
by unique4x