Get started

Australian Dollar / New Zealand Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

AUDNZD trade ideas

AUDNZD Bottom and China's Relief RallyThesis: Speculators were overly positive regarding NZD's prospects for raising rates. In the end, the RBNZ maintained rates and were dovish. On top of this, China stock market is at peak pessimism with a relief rally currently in play. This should affect both AUD and NZD currencies, but especially, AUD; hence, I am holding out that AUD will strengthen against NZD in the medium-term for about two quarters. Technicals: There is no definite trend; however, there is definite support. Monthly: Monthly Support Monthly cloud support Note: Monthly chart has been flat since 2015. The price broke above the cloud in 2022 and has retraced to historical support and cloud support Feb 2024. This presents a potential good buying opportunity. Monthly chart: Weekly: Weekly engulfing at monthly average range support and weekly average range support w/ d3v: Daily: Some signs of life with short-term and Longer-term Daily uRd Close above the kijun with a DQ Daily chart: Other Factors: China at peak pessimism with a relief rally in play: Comment: I have decided to get in early at the potential bottom since it is at strong monthly support. There is no trend and there hasn't been a trend since 2015; and, I highly I doubt that this will be the start of one. I anticipate that this will be just a local bottom that may last a quarter.
Long
by Rocketman
2
Double Top AUDNZDDouble Top on the hourly chart. Investors can short trade after the break or place small trades, as double tops may have limited profit potential. How to identify a double top: Look for an Upswing: The price movement should be clearly in an uptrend prior to the creation of a double top. This indicates that the price has been making continuously higher highs and higher lows. Find the Initial Peak: Determine the uptrend's first peak. The price has now risen to its maximum level before beginning to fall. Find the Trough: Following the initial peak, the price will briefly fall. Find the valley or trough that develops following the initial peak. Find the Second Peak: The price will then rise once more in an effort to hit a new high. But this second rally will fall short of the first peak's height and begin to collapse once more. Verify the Pattern: To verify a double top pattern, make sure the decline that follows the second peak is lower than the trough that follows the first peak. This demonstrates that the previous resistance level was not successfully overcome by the price. Draw the Neckline. Connect the low points of the two troughs with a horizontal line. This is the neckline, which denotes a level of support. It serves as an essential pattern reference. Verify Double Top Pattern: To verify the double-top pattern, watch for a price break below the neckline. Breaking below the neckline might be interpreted as a sell signal because it portends a potential trend reversal. All points relevant here
Short
by CryptoCurse
AUDNZD Will Move Higher! Long! Take a look at our analysis for AUDNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.087. The above observations make me that the market will inevitably achieve 1.092 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDNZD:🔴Is it Bearish...?!🔴 Well, as you can see, the price took the liquidity and hit the important higher time frame resistant, so we expect a bearish move. Also, we can see the price generated a lot of sell-side liquidity that can be defined as targets. Now, the price has created a bearish FVG, we can enter a sell position in this zone, but as always we need LTF confirmation. 💡Wait for the update! 🗓️28/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders it looks like AUD/NZD is starting a new wave dive down into 1.035. The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets