#AUD/NZD Analysis
This Pair has entered a New Bullish Ascending Channel after a lot of Compression by Sellers. Buyers have pushed the price upward and broken the 1.0700 Resistance Level.
Price is currently at 1.0800 Resistance Level and has hit the Trendline Resistance. So we have two types of Resistance at this point. Horizontal Resistance & Trendline Resistance.
Trade Idea:
This is a Bull Market, So only look for Buys. Wait for the Price to fall to the 1.0773 Support level which is also a Fibonacci Support level. Then enter for a Buy (Go Long).
First Target TP is 1.0822 level.
Second Target TP is 1.0875 level.
Use Good Risk Management and don't forget to set a Stop Loss.
Price is currently at 1.0800 Resistance Level and has hit the Trendline Resistance. So we have two types of Resistance at this point. Horizontal Resistance & Trendline Resistance.
Trade Idea:
This is a Bull Market, So only look for Buys. Wait for the Price to fall to the 1.0773 Support level which is also a Fibonacci Support level. Then enter for a Buy (Go Long).
First Target TP is 1.0822 level.
Second Target TP is 1.0875 level.
Use Good Risk Management and don't forget to set a Stop Loss.
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.
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.