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Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.0365)
    • Support on 11/09/2016
    • Support on 12/14/2016
    • Support on 01/02/2017
    • Support on 01/03/2017
    • Support on 01/25/2017
    • Support on 01/26/2017
    • Support on 01/27/2017
    • Support on 02/01/2017
    • Support on 02/07/2017
    • Support on 06/22/2017
    • Support on 06/23/2017
    • Support on 01/03/2019
    • Support on 02/14/2019
    • Support on 02/15/2019
    • Support on 03/06/2019
    • Support on 03/07/2019
    • Resistance on 03/18/2019
    • Resistance on 03/19/2019
    • Resistance on 03/20/2019
    • Support on 08/01/2019
    • Support on 12/18/2019
  • Ending of entry zone (1.0275)
    • Support on 01/03/2019
    • Trough on 03/25/2019
    • Support on 03/25/2019
    • Support on 08/06/2019

DateJanuary 11, 2020 - 16:29
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0260 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.0315 on 01/08/2020, so more gains to resistance(s) 1.0445, 1.0485, 1.0525 and more heights is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 45.

Take Profits:

  1. 1.0445
  2. 1.0485
  3. 1.0525
  4. 1.0585
  5. 1.0660
  6. 1.0730
  7. 1.0850
  8. 1.0990
  9. 1.1140
Click on the level to view price action history.