AUDNZD, could be time to go down.
AUDNZD has been "buoyant" and in a relatively slow uptrend for a few months now. It's been testing the resistance at 1.08 three times. A rise in commodity prices due to global inflation and the war in Ukraine has in my opinion perpetuated a forced uptrend, despite a hawkish NZ central bank.
Technical indicators are showing an exhausted uptrend and trending down. If the resistance hold, I think we might see a relatively quick correction to at least 1.06 support.
Since the global situation is very uncertain, consider it a high risk trade.
Fundamentals, as said earlier are slightly bullish due to AUD being a commodity linked currency (more than NZD).
I'd sell on the confirmation from MACD turning red.
Technical indicators are showing an exhausted uptrend and trending down. If the resistance hold, I think we might see a relatively quick correction to at least 1.06 support.
Since the global situation is very uncertain, consider it a high risk trade.
Fundamentals, as said earlier are slightly bullish due to AUD being a commodity linked currency (more than NZD).
I'd sell on the confirmation from MACD turning red.
Ordre annulé
Looks like this trade is currently being invalidated by a clear break above.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.