AUDNZD Testing the 3 years’s trendline support
Technical Overview and Trade Idea
AUDNZD is trading 1.06260 as of writing. AUD employement data will be released early in the morning. The price is testing the asecding trendline of 3 years. A clear buying opportunity as follows:
Target 1: 1.07100 / TP 1 Reached
Target 2: 1.07800
You can view the setup: AUDNZD Trendline Support
Update: Nov 16th
The first target reached. On the H1 Chart, price moved above SMA 100 and tested MM 6/8. It is in the correction process of latest 100 pips . We have 2 fresh long entry levels. the first one is 1.06810 MM 4/8 and EMA 5 of daily chart. If the price breaks below, 1.06630 MM 3/ can be used as a long entry.
You Can Check Our Results at Verified Accounts
Subscribe to our services free of charge
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
If you find our content useful, you can donate via PayPal.