AUDNZD

this pair look good to long, have reached support and is now trending up.

On H1 price still below 14ma. Aud is especially weak atm, can't tell why.

Most likely reversal from weekly resistance

First target 1,107x

Last target 1,07xx then we'll see

my ema is broken and rsi has touched oversold. 2nd level of support reached. i am confident it will go up. either tonite or next mon.

wish you the best luck I feel sad that i did not short this nzd cross, but went out to trade other nzd crosses instead.

3rd level support reached, i am now squeezing my balls...

could this be possible?

no rate cut, expect to go up ...woohoo...but i am still a little far from my position.

Already a signal to Buy. Hope my orders get triggered . Here's mine to share.

Happy Pipping!

Still same first tp...which is 50% of this upmove

Starting to look like a down month in store for this pair...

Daily and 4 Hr chart/s below

daily looks like a bottom but some retest possible before we can call it a bottom

If I see a correction, I'm going to open the next long trade

Yes I agree with bullish view - I'm not sure why I posted the negative view yesterday but 2 Hr chart looks quite bullish - sorry for mixed message

After wave (iv) I'm going to trade in wave (v)

Nice entries and SL placement imo
One of your SL at 1.12 can be easily be taken out though, wave 4 can easily go to that area and reverse ??

Potential short setup on a wave [iii] down at the completion of the correction [ii].
SL placed at top of [ii] gives good R/R.

I hope no one minds.. I thought I might throw in my 2 cents for what its worth.. AN is one of my favourite pairs when it fits my criteria..although at the moment it doesn't ..

I'm guessing this pair is going to move higher ? where is the axe ? where are the institutional hands looking to build positions ? Currently the Monthly 20ma was the higher TF axe which caught the deepest correction last year when it was trending down( the high of October last year ). Looking at November 2014 there was some serious orders parked at that MA... June this year smashed through the Monthly 20ma with a 99% close of its range which In my book is pretty bullish, so where are the big hands going to add ? 1.098x the Monthly 20 is where the big orders where parked imo - also the Weekly 20ma is normally loaded with orders in this pair so the two ma's together with this Month's atr range look like that might be enough weight in flow to push this up ? .. Also Last Weeks fake out to reach these MA liquidity pools closed back inside the range which imo is another signal to move higher ?..

Here's the spanner though.... the Daily is in a uniformed swing correction lower so the tell will come if it starts to use the daily 20-10ma's as support which might confirm upside momentum ?..if it crushes these two daily MA's its probably going to test the recent Daily swing lows... If it reaches 1.15 it might not be a bad short ?

In saying all this both these commodity currencies are in bad shape and are in my selling list ( I'm not buying either) and their respective central banks are currently in the process of lowering rates, which isn't a good fit for me to trade each other..

Of course I'm only theorizing

Good luck to everyone next Week..