AUDNZD Breakout: Long Opportunity in Ascending Channel
Today I want to share with you a Long position opportunity in AUDNZD(
AUDNZD).
Let's first take a brief look at the AUDNZD fundamentals.
RBNZ kept rates at 3.25%, signaling likely further cuts in August.
RBA paused at 3.60%, but dovish bias remains; markets expect more easing ahead.
As NZD is more pressured by immediate rate cuts than AUD, the fundamental setup favors a bullish AUDNZD.
Now let's find a long position for AUDNZD using technical analysis.
AUDNZD seems to have managed to break through the Heavy Resistance zone(1.0963 NZD-1.0870 NZD) and is moving near the Support zone(1.0964 NZD-1.0954 NZD) on the 1-hour time frame.
AUDNNZD is also moving in an Ascending Channel.
I expect AUDNZD to rise at least to the Resistance lines, the second target is the Resistance zone(1.103 NZD-1.0993 NZD).
Note: Stop Loss(SL): 1.0944 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AUDNZD).Let's first take a brief look at the AUDNZD fundamentals.
RBNZ kept rates at 3.25%, signaling likely further cuts in August.
RBA paused at 3.60%, but dovish bias remains; markets expect more easing ahead.
As NZD is more pressured by immediate rate cuts than AUD, the fundamental setup favors a bullish AUDNZD.
Now let's find a long position for AUDNZD using technical analysis.
AUDNZD seems to have managed to break through the Heavy Resistance zone(1.0963 NZD-1.0870 NZD) and is moving near the Support zone(1.0964 NZD-1.0954 NZD) on the 1-hour time frame.
AUDNNZD is also moving in an Ascending Channel.
I expect AUDNZD to rise at least to the Resistance lines, the second target is the Resistance zone(1.103 NZD-1.0993 NZD).
Note: Stop Loss(SL): 1.0944 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.