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Audnzdbuysetup

AUDNZD BullishWeekly average price above Monthly Resistance 1.09329 is now support1 Support 2 is 1.07745 A break below 1.077745 is bearish trend(red arrow) AUDNZD could close 3days in row above 1.9 support zone Many technicians will recognise this as a potential trend reversal to the upside. Fibonacci enthusiasts may also acknowledge that the dynamic value, which may serve well as resistance if challenged, is accompanied by a moderate Fibonacci cluster around $0.6681 (38.2% and 61.8% Fibonacci retracement ratios). Therefore, technically, this could prove a problematic headwind. The levels above 1.11 are untested Highs and AUD will try to fill them
Long
by DaveBrascoFX
AUDNZD - LONGAUDNZD is setting up for a long. The double bottom is at 1.043 area. The 1.272 reversal of the last swing higher is in the same area. As of now the market is just above the double bottom and having reached an area of reversal with three confluences. 1. A 1.618 reversal taken from the low on 27/05 to the high 21/06 (red) 2. Market has reached a measured move lower (blue) 3. Market has hit a 1272 reversal of last swing (white) A long trade now would mean a SL below the double bottom 02/12.
Long
by enzenator
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
AUDNZD A POSSIBLE BULLISH MOVEFX:AUDNZD At daily we had a retracement at a good psychological level, which later created a higher high and right now it is laying at an other support level (retesting it to push higher)and after a good rejection (bullish pinbar) we might open a buy position till next psychological level because that is the level that might correspond at the other side downtrend in which level that the price might retrace again for a bearish move. We are targeting around 120 pips. No possibility to post analyse pic because of no pro points
Long
by ColosFX01
AUD/NZD Broke Out of Channel With A Bullish Candle And Volume We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support, if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the previous down channel with a increase in volume as you can see, besides all that we are at a pretty weekly low as well. So in conclusion what we have, 1) Full Body Bullish Candlestick Formation 2) Break Out Of The Channel 3) Increase In Volume 4) Double Bottom Support Now you have to make the decision if this gives you enough confidence to buy, don't just jump in out of FOMO, take a few minutes off to assess it for yourself and create a plan, be mindful when you enter the trade. Happy Trading!!
Long
by ElyaStein
#AUDNZD It's time for buyers starts to stepping inI believe AUDNZD should go into up-trend very soon. We can see this hammer at the bottom of the bearish channel which means the trend should change now. Furthermore, the price is moving "Sideways" in this triangle, so it's time for some movement to the resistance. We can expect some bearish movement in the begging of the week, but eventually, the price should go higher. We are on very strong support which this hammer only confirmed this information. Let's see guys! I will be updating this.
Long
by Jakubaszek
2
AUDNZD potential buy SetupAUDNZD is getting rejected from W1 Support Zone by D1 bullish "Engulfing" candle. Once D1 candle closes as a Bullish "Engulfing" we may look for short opportunities on smaller TFs to minimize the risk and increase the reward. On H1 TF we may spot that Price has already formed Left Shoulder and Head of Inverse H&Sh pattern, also Head of the Inverse H&Sh pattern completed with Double Bottom pattern. Once Price pulls back to test the broken neckline of Double Bottom pattern, it may also form the right shoulder of Inverse H&Sh pattern. Currently waiting for the clear confirmations and if in our Major level Buy candlestick price action pattern will appear, I will enter long on this pair with Stop Loss below the Head of H&Sh pattern
Long
by jamshid1994
AUDNZD Bullish Pin Bar Hints at a Move HigherThe AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of consolidation that could lead to the next leg up. Furthermore, Friday’s retest of 1.0765 carved out a bullish pin bar. The candlestick pattern suggests that a move higher is on the way, perhaps back to trend line resistance near 1.0900/20. As for a potential entry point, the 1.0790 area looks promising. This is the March 27th low and is also very near the 50% retracement of Friday’s range. Alternatively, a daily close back below 1.0765 would negate the bullish outlook.
Long
by Daily-Price-Action