amanpaulbhogal

Is AUD/NZD rebounding off a monthly level?

شراء
FX:AUDNZD   دولار أسترالي/ دولار نيوزلاندي
Price action reveals signs of a possible reversal since AUD/NZD has reached the multi-year low zone (~1.0530-1.0428). Divergence on Stochastic and RSI is evident on the monthly, weekly and daily time frames combined with a possible low test in formation on the monthly chart, indecision engulfing bar at a potential end of cycle, and bullish behaviour also hinting at a turning point following the break of an inside bar below the 2005 low (1.0428). Although, as per my trading rules, I've missed a long entry, I'll be looking for an opportunity to go long at the end of a pull back, once price begins cycling upward at the break of the previous high (1.0571). Also watch out for possible consolidation below the ~1.0535 level until price action indicates it's intentions further. I'd be eyeing a long term target at 1.3500 unless price shows otherwise.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.