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Weekly forecast Australian Dollar vs. New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.0825 to 1.0885). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.0825)
    • Resistance on 02/08/2018
    • Resistance on 02/07/2018
    • Support on 09/29/2017
    • Support on 09/22/2017
    • Support on 09/21/2017
    • Support on 08/22/2017
    • Resistance on 08/14/2017
    • Resistance on 08/11/2017
    • Resistance on 08/10/2017
    • Resistance on 07/20/2017
    • Peak on 07/10/2014
    • Peak on 07/07/2014
    • Peak on 07/04/2014
    • Peak on 07/03/2014
    • Peak on 07/02/2014
    • Peak on 02/26/2014
    • Peak on 12/17/2013
    • Peak on 07/27/2012
  • Ending of entry zone (1.0885)
    • Resistance on 02/08/2018
    • Support on 01/10/2018
    • Support on 01/09/2018
    • Support on 12/12/2017
    • Support on 10/17/2017
    • Trough on 07/31/2015
    • Trough on 07/30/2015
    • Trough on 07/29/2015

DateSun, 02/11/2018 - 16:58
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.1070 on 01/29/2018, so more losses to support(s) 1.0745, 1.0610, 1.0495 and more depths 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 36.

Take Profits:

  1. 1.0745
  2. 1.0610
  3. 1.0495
  4. 1.0360
  5. 1.0255
  6. 1.0010
Click on the level to view price action history.