FX:AUDNZD   Australischer Dollar/Neuseeländischer Dollar
600 2 12
This pair is still making a complex corrective structure not very clear.
So i will use another non-traditional tools like the "personality" of this pair and EW guidelines.
Looking at monthly chart we can see price had a similar behaviour when reached all-time highs.
It retraced to the 0.61 fib retracement and formed a perfect head and shoulders pattern.

We could have the same behaviour here. Some other reasons are:

- Previous wave 4 acting as support
- 0.61 fib retracement
- Strong structure
- round level 1.05000 as support
- potential inverse head and shoulders pattern

I will place buy limit orders near 1.055. IF price gets there it will be a high probability trade.
SL below the round level 1.0500

I prefer to anticipate the market to have a better R/R ratio. Its just my trading style. Other traders would prefer to wait for a confirmation and thats very valid.

Best regards
Interesting idea. Today and tomorrow data will be published for both currencies (AU employment today/ Nz CPI tomorrow). Next big up could be for Oz ;) Lets see and good luck.
FullTimeTrader AndrewHook
it could take more time because both pairs a getting stronger a the same time. We have RBNZ rate statement on Wed-oct-28. This could be a great catalyst if they cut rates. Regards.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden