Hello fellow traders and community members, This is an update to the trade setup on AUDNZD discussed on 22 Jan 17. If the pair closes the day below the rising trendline then the setup fails. So stay cautious if you are going long in this pair. AUDNZD DAILY CHART Happy trading to all.
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Hello fellow community members, Today I am here to share a trade setup that I have spotted in the AUDNZD Daily chart. The pair has successfully closed the week above the falling trendline resistance. So it seems just the beginning of a long-term uptrend. AUDNZD DAILY CHART The idea is to buy above 1.0572 with a stop below the rising trendline and profits may be taken near 1.0750 levels. Happy trading to all.
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Technical Tools Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse. AUDNZD Weekly Chart
The MACD on the weekly chart is in the negative zone.
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Hello fellow traders, The rising trend line is giving good support to the pair in question as shown in daily chart. The pair may shoot up from here to the confluence of resistance near 1.07500 levels marked with ellipse. The scenario of rising is possible as the oil prices rising and there may be fresh sells waiting near the confluence of resistance at 1.07500 that may take the pair to new lows as shown by grey line projected downward. One may buy the pair at current price with stop loss below 1…
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AUDNZD technically trading lower and lower being in downtrend. It recently broke the short term support at 1.0267 which is now acting as resistance and the pair has given a very nice bearish pinbar near this level indicating further decline in the price of the AUDNZD. I expect the pair to go till 1.00370 but in a longer time frame. As of now I have sold it at 1.02610 with a stop above 1.03000 and target at 1.02000.Comments are welcome. Happy Trading to all.
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