Audnzdanalysis
AUDNZD Added Another Layer of confirmation AUDNZD Last Week, The Daily Time Frame Closed Above The Old Down Trend Line, After Hitting The Up Channel Trend Line
Forming A Bullish Candlestick Formation on The 4 Hour Time Frame,
Now The Market Have Come Back To The Backside of The Down Trend on The 4 Hour TF And Formed Another Bullish CSF
(Bullish Engulfing Candle) With A CTL Break,
What We Have:
- Bullish CSF
- Trend Line Break
- TL Support
- Weekly Low Price
AUDNZD Is At The UTL Breaking The CTL With A Bullish CSFThe Market Is At The Up Trend Line, This Is The 3rd Hit of This Trend Line,
The Market Created A Bullish Candle Stick Formation At That up Trend Line And Broke The Counter Trend Line,
I Believe The Market Has A Big Chance of Going Up To Hit The Old Past Support To Become Future Resistance,
But The Market Also Created In The Past Equal Lows A little Lower of This Trend Line As You Can See, So If The Market decides To Break That Trend Line I Will Renter Again At The Support.
~ Hitting The UTL
~ Bullisg CSF
~ CTL Break
I hope You Find Some Value in This Trade Setup,
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Thank You
AUDNZD Analysis: Price may reverse upwardsLately this pair has had a very deep drop in price. It has reached the support line of a rising channel to test it for the third time.
The price is very likely to move towards the resistance line of the channel and of the major falling channel.
Lets wait for bullish reversal confirmations to go long for the pair.
AUDNZD REVERSAL TRENDAUDNZD PRICE is expected to finish the bearish wave soon
Positive divergence is shown on MACD and RSI on H1 Frame
Resistance area is around level 1.0522
If price breaks this level, the price will confirm the start of bullish wave by crossing downtrendline and Moving Average 100
Target is around level 1.0660
AUDNZD downside break quickly runs into a key stumbling blockThe key support level has been a level that buyers have leaned on for possible pullback.
The strong kiwi flows over the past two weeks have been in AUD/NZD as the pair slides back under 1.05 for the first time since August.
watch price action for possible pullback