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AUD/NZD Potential Upward Movement

AUD/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.04310, 1.04856, 1.05482.

Key Support Levels: 1.03505, 1.03019, 1.03000.

Daily Chart:

The price on the higher time frame found support around the 1.03505 NZD mark and posted an engulfing bullish pattern showing that the market most probably will reverse. This will lead to a move higher toward the next key resistance level located at 1.04300 NZD mark.

AUD/NZD Medium-Term Trend: Bullish

1-Hr Chart:

On the lower time frame, the price found buyers around the 50 % Fibonacci retracement level after managing to break the bullish flag to the upside. A lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.03767

TP 1 @ 1.04229

TP 2 @ 1.04856

Stop Loss @ 1.03537

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

3 comments

  1. We need mostly Currency pairs signals and by the way the aud/nzd signal didn’t active should we delete pending order

  2. Hello,

    Looking at the AUD/NZD, just wanted to know what are you current thoughts now, I actually bought it at 1.03871. Should I close it at this point or wait til TP1?

  3. Thank u but Pls we need binance usdt signal. Thank u

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