Get started

AUDNZD

Inflation Symphony: Harmonizing AUDNZD's Dance with RBNZIn today's trading session, our attention is on AUDNZD, with a keen interest in a buying opportunity around the 1.07900 zone. Having broken out of a downtrend, the pair is currently in a correction phase, edging closer to the retrace area at 1.07800 support and resistance. A potential target could be the monthly resistance at 1.08700. Now, delving into the fundamental landscape, we turn to the upcoming Consumer Price Index (CPI) release by the Reserve Bank of New Zealand (RBNZ) on January 23rd. Let's examine the recent CPI data to gauge potential implications. In the previous releases, we observe a trend of declining inflation: Oct 16, 2023: 1.8% Jul 18, 2023: 1.1% Apr 19, 2023: 1.2% Jan 24, 2023: 1.4% Oct 17, 2022: 2.2% Comparing these figures, there is a consistent downward trajectory in inflation. The expected CPI on January 23rd is 0.5%, indicating a potential continuation of subdued inflation. These numbers suggest a dovish outlook for the RBNZ, as persistently low inflation may prompt policymakers to maintain or adopt an accommodative stance. This, in turn, could impact the New Zealand Dollar (NZD), potentially weakening it. As traders evaluate this AUDNZD opportunity, it's essential to consider both technical and fundamental aspects for a comprehensive perspective. Trade safe, Joe.
Long
by JoeChampion
⚡️Strifor || AUDUSD-19/01/2024Preferred direction: SELL Comment: Previously, we considered a potential trade for this pair in terms of growth within the medium-term movement. This idea is relevant, but an update of local minima is expected in the near future. That is, a fall below 0.65200 is expected. Before the expected medium-term growth, the price will most likely touch the level of 0.65010 . At this level of support, one can expect various kinds of manipulation, after which the same medium-term growth will most likely follow. The short-term decline discussed in this trading idea will most likely begin in the very near future (1-2 trading days). Thank you for like and share your views!
Short
by Strifor
1
⚡️Strifor || NZDUSD-19/01/2024Preferred direction: SELL Comment: This currency pair also most likely will not yet go into the same medium-term growth that we wrote about earlier this week (the same situation is with AUDUSD ). In the next 1-3 trading days, most likely the currency pair will sink further and update local lows. All events are currently taking place near the level of 0.61263. Market buyers are desperately trying to buy up instruments near this level, but the limit seller is still stronger. Given the current context, we should expect a fall all the way to the level of 0.60000 , with a probability of approaching 0.59000 . Thank you for like and share your views!
Short
by Strifor
1
AUDNZD I Potential correction and continuation Welcome back! Let me know your thoughts in the comments! ** AUDNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
AUDNZD Technical Analysis! BUY! My dear subscribers, This is my opinion on the AUDNZD next move: The instrument tests an important psychological level 1.0723 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0744 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
⚡️Strifor || NZDUSD-17/01/2024Preferred direction: Neutral Comment: The previous target was also hit for NZDUSD . Here, just like with AUDUSD , the targets are all closed and an upward reversal is expected. The conditions for this have also not yet been created and most likely the price for the currency pair will still update local anti-records. Getting involved in sales is quite dangerous, there is a high risk of false takeaways. Therefore, we have decided to refrain from entering for now and already expect the expected upward reversal. The most likely scenario is now a breakdown of the support 0.61263 , then an attempt to develop this fall even deeper, but in the end everything will end in the formation of a false breakout. Just such a situation will be a fairly strong entry point into a long position. We set the target for growth at the level of 0.62907 . Thank you for like and share your views!
by Strifor
1
⚡️Strifor || NZDUSD-11/01/2024Preferred direction: SELL Comment: The New Zealand dollar is also expected to fall. Here, the situation is exactly the same as with AUDUSD. An accumulation formed at the level of 0.62359 , filled with purchases (long-orders). The publication of inflation data in the US is expected, against the background of which a downward impulse may happen. Also, due to the data, at the time of publication there may be increased volatility, we do not exclude a potential false breakout of the upper limit of accumulation (scenario №2), after which we wait for the target price at the level of 0.61263. Thank you for like and share your views!
Short
by Strifor
1