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Australian Dollar / New Zealand Dollar

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AUDNZD trade ideas

AUDNZD Will Collapse! SELL! My dear friends, AUDNZD looks like it will make a good move, and here are the details: The market is trading on 1.0734 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0703 Recommended Stop Loss - 1.0749 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
SHORT AUD/NZD from 1.0704This pair appear to have peaked at 1.0746 which is inside a band of historical resistance. We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS. Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some sideways price action when (if) the price makes its way down there, othr indicators suggest this may not bne enough to stop the price ehasding to the WS1 pivot at 1.0667 which is the target price. Other indications that the BEARS have assumed control of this market are the RSI which has been steadily declining since last Friday afternoon and MACD which has both fast and slow MA periods negative. The red SELL line of the Andean Oscillator crossed the gree BUY line on Friday and early this morning the red SELL line crossed the signal line - all signs that this is now a BEAR market. We've aso got a SELL signal on the Pivot Point SuperTrend so everything suggests we should be headed lower and in the absence of any significant or scheduled news we may well see this pair drift south over the next 24 hours. STOP is at 1.0720 so this is a risk of just 16 pips and the target as mentioned is at 1.0667 which is WS1. The STOP is HARD meaning it will not be adjusted. The TP is soft and we'd have to see how much BEARISH momentum is left if the price does indeed make its way down to the pivot.
Short
by forextraplaces
AUD/NZD Rebounds from Support Following RBA Policy DecisionThe AUD/NZD cross recently found support around the 1.0600 area after the Reserve Bank of Australia (RBA) announced its policy decision, sparking a reversal of previous losses. Currently trading near the 1.0640 region within a range-bound area, traders may consider long positions at discounted prices. The Australian Dollar (AUD) exhibited strength across multiple fronts following the RBA's decision to maintain the Official Cash Rate and uphold a hawkish stance. The central bank emphasized the need for confidence in inflation sustainability towards the target range. In its policy statement, the RBA acknowledged easing inflation in the December quarter, albeit remaining high at 4.1%. Notably, services price inflation showed a gradual decline but remained elevated. Additionally, the RBA released updated economic forecasts for 2024 and 2025, revealing slight downward revisions in GDP and consumer inflation expectations. Economic growth for 2024 is now projected at 1.8%, with CPI forecasted at 3.2%, down from initial estimates of 2.0% and 3.5%, respectively. The favorable inflation outlook suggests the conclusion of the RBA's tightening cycle, potentially paving the way for future rate cuts. While the AUD/NZD cross shows signs of rebounding from the demand area within the range box, traders eye buying opportunities at discounted prices. However, the prospect of a downward shift in the RBA's monetary policy stance may act as a hindrance to significant AUD gains, potentially capping further upside for the AUD/NZD pair. Above 1.0500 look for further upside with1.08000 and 1.09500 as targets.
Long
by FOREXN1
1