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AUD/NZD Potential Upward Movement

AUD/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.06042, 1.06434, 1.07224.

Key Support Levels: 1.04492, 1.03589, 1.03160.

Daily Time Frame:

The price on the higher time frame managed to break the bearish channel to the upside with the help of the double bottom. The market posted a 1st leg up and now we are at the end of the correction. We are about to see a new bullish impulsive wave in the coming hours.

AUD/NZD Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the market is traded inside a bullish flag formation where the price found buyers around the 50% Fibonacci retracement level. a lower correction could be seen before a new bullish impulsive toward the target profits.

Signal Idea:

Buy Limit Order @ 1.04577

TP 1 @ 1.05405

TP 2 @ 1.06042

Stop Loss @ 1.04220

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.

4 comments

  1. Hi can I pay with usdt to join the VIP group
    please let’s me know thanks

  2. So you’re saying there’s possibility it will go up the next day?

    • Hi Patrick, am interested in the Robot, how can I get it and how do I make payment, am from Nigeria…
      Thanks for all you do for this industry with your knowledge…

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