AUDNZD Technical + Fundamental Align for Downside
Today I want to analyze a short position on the AUDNZD(
AUDNZD) pair, first, let's look at it from a fundamental analysis perspective.
Fundamental View on AUDNZD
Key reasons to short AUDNZD:
Australian weakness:
Recent data show weakening consumer sentiment and declining building approvals. The RBA seems hesitant to hike further, putting pressure on the Aussie.
New Zealand resilience:
The RBNZ maintains a relatively hawkish stance. Inflation is still a concern, and the central bank is committed to keeping rates high, supporting NZD strength.
Monetary policy divergence:
The divergence between RBA’s dovish stance and RBNZ’s hawkish approach supports further downside in AUDNZD.
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Now let's take a look at AUDNZD from a technical analysis perspective on the 4-hour timeframe.
AUDNZD is currently trading in a Heavy Resistance zone(1.0963 NZD-1.0870 NZD) near the upper line of the Range Channel, Potential Reversal Zone(PRZ)[1.0956 NZD-1.0935 NZD] and Yearly Pivot Point.
In terms of Elliott Wave theory, AUDNZD appears to be completing microwave B of microwave Y of the main wave 4.
I expect AUDNZD to drop to at least 1.0904 NZD(First Target) based on the above explanation.
Second Target: 1.0886 NZD
Note: Stop Loss(SL): 1.0963 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 4-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) pair, first, let's look at it from a fundamental analysis perspective.Fundamental View on AUDNZD
Key reasons to short AUDNZD:
Australian weakness:
Recent data show weakening consumer sentiment and declining building approvals. The RBA seems hesitant to hike further, putting pressure on the Aussie.
New Zealand resilience:
The RBNZ maintains a relatively hawkish stance. Inflation is still a concern, and the central bank is committed to keeping rates high, supporting NZD strength.
Monetary policy divergence:
The divergence between RBA’s dovish stance and RBNZ’s hawkish approach supports further downside in AUDNZD.
----------------------
Now let's take a look at AUDNZD from a technical analysis perspective on the 4-hour timeframe.
AUDNZD is currently trading in a Heavy Resistance zone(1.0963 NZD-1.0870 NZD) near the upper line of the Range Channel, Potential Reversal Zone(PRZ)[1.0956 NZD-1.0935 NZD] and Yearly Pivot Point.
In terms of Elliott Wave theory, AUDNZD appears to be completing microwave B of microwave Y of the main wave 4.
I expect AUDNZD to drop to at least 1.0904 NZD(First Target) based on the above explanation.
Second Target: 1.0886 NZD
Note: Stop Loss(SL): 1.0963 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 4-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.
Trade active
Trade was activated on Potential Reversal Zone(PRZ)[1.0956 NZD-1.0935 NZD]
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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.