AUD/NZD Trade Ideas

AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650. These are serious arguments in favor of the further decline. The initial target lies at 1.0510 (50-week MA). There may be some suppor...

Trade idea SELL 1.0540; TP1 1.0495; TP2 1.0395; SL 1.0560  AUD/NZD is declining for the third week in a row. It’s happening as the AUD is pressured by the weak Australian data, while New Zealand is releasing more decent figures. The pair has reached the support of 1.0560/50 (50% Fibo retracement of ...

Trade idea SELL 1.0665; TP 1.0625; SL 1.0680 Last week, AUD/NZD formed a lower high on the D1 and then stayed below 1.0730/20 (April and May highs) during the following days. The pair is currently testing levels below the 100- and 200-week MAs in the 1.0700 area. On the H4, the picture looks pretty ...

Trade idea SELL 1.0745; TP 1.0710; SL 1.0760 AUD/NZD has once again turned down from 1.0800 (the 61.8% Fibo of the 2018 decline) as the AUD got hit by the RBA’s decision to cut its interest rate. The near-term support is at 1.0750/45. The fall below this level will bring the pair to 1.0710. This is ...

Trade idea SELL 1.0750; TP1 1.0725; TP2 1.0700; SL 1.0765 The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time. The RBA will likely be under pressure to cut rates further, so we await some negative...

Trade ideas BUY 1.0620; TP 1.0695; SL 1.0600 SELL 1.0700; TP 1.0620; SL 1.0720 SELL 1.0590; TP 1.0550; SL 1.0605 Although both the AUD and the NZD suffer versus the USD, it seems that, for now, the Australian currency is a bit stronger than New Zealand’s one. On the D1, AUD/NZD has managed to overco...

Trade idea SELL 1.0430; TP 1.0380; SL 1.0450 AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500. It retraced 61.7% of the March-April advance. This Fibo level is currently providing support in the 1.0440 area. The decline below it ...

Trade idea SELL 1.0595; TP1 1.0555; TP2 1.0500; SL 1.0610 AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06. Once again the pair failed to close above the 200-day MA (1.0655). A “shooting star” candlestick was formed ...

Trade idea SELL 1.0590; TP 1.0500; SL 1.0610 AUD/NZD met the resistance of the 50-week MA in the 1.0700 area. A bit higher there are more resistance levels (100- and 200-week MAs at 1.0750). The advance of the pair during the recent month was very rapid, and now it became overbought. The pair return...

Trade idea SELL 1.0670; TP 1.0620; SL 1.0690 AUD/NZD experienced an impressive rally since the end of March. This week the currency pair ran into the resistance of the 50-week MA (1.0700) and 50% Fibo of the August-March decline. The possibility of a short-term correction down is high. Selling is po...

Trade idea SELL 1.0425; TP1 1.0370; TP2 1.0330; TP3 1.0250; SL 1.0455 As the Australian dollar is weakened by the dovish position of the Reserve Bank of Australia, AUD/NZD is making movements to the downside which are hard to ignore. Let’s start with a bigger timeframe, MN. Here we see that in Decem...

Trade idea BUY 1.0440; TP1 1.0500; TP2 1.0535; SL 1.0420 AUD/NZD has substantially fallen in the recent days. More downside is likely. The pair will be vulnerable for a decline to support at 1.0440 (December lows). In this area, it should find support. The arrival to this levels will trigger a “Sha...

The quarter begins with the next episode of the sale of risky assets. The SP500 dropped 2.2% on Monday. plunged by the technology sector. The Nasdaq index at the same time erased the whole of this year's increase. From the intraday peak (65.40) the WTI barrel rate fell to over 2.5 USD. In such an en...

Trading opportunities on the currency pair: The Kiwi dollar came under intense pressure following New Zealand’s parliamentary elections. The Aussie is expected to continue strengthening to reach 1.1425 (61.8% of the downwards wave from 1.1019 to 1.0371) by the beginning of December this year. After ...