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23 JAN 17 | AUDNZD TRADE SETUP UPDATE

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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22 JAN 17 | AUDNZD TRADE SETUP

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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AUDNZD may gain in coming days

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.
  • The RSI is rising.
  • The Stochastics is headed North.
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killer195175 avatar

UPDATE-6
The pair has fallen from our level by 100 pips and is currently trading at 1.06575. The pair may resume its uptrend and see our target again tomorrow if the NZD Dollar weakens by virtue of negative reports of trade balance and the consumer confidence in NewZealand.

killer195175 avatar

UPDATE-7
Australian GDP on q/q basis came at 1.1% rather than expected at .7%. The strong GDP data from Australia helped the pair to gain today. The pair is trading at 1.0713, just 37 pips away from our target of 1.0750. I expect the pair to reach near our target level by 1200 GMT today.

rupesh1984 avatar

Vgood :)

killer195175 avatar

Thank you brother...

ak10 avatar
ak10 1 Mar.

Accuracy is great.

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3 DEC 16 | AUDNZD | A GOOD BUYING OPPORTUNITY

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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TInna avatar
TInna 9 Dec.

good!

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AUDNZD 15 Sep 16

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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