AUDNZD - dynamic rebound from 1.0390 support

FX_IDC:AUDNZD   澳幣 / 紐元
19 1
On Friday afternoon supply double tested support at 1.0390. It seemed that breaking this level was only a matter of time and actual supply target at 1.0330 would be reached very quickly. On Monday we woke up in completely different moods and morning test of support at 1.0390 ended with a dynamic reflection. On H4 chart demand broke with a single candle resistance area at 1.0440. Current target of bulls are resistance levels at 1.0500 and 1.0570.

At the moment, it is difficult to clearly assess how AUDNZD will behave. Price moves in a clear bearish trend and supply will try to follow it. On the other hand drops that we have observed for recent two weeks have not been corrected until now. In addition AUDNZD is as close as 60 pips to key support at 1.0330. We will know more at the end of today’s session when it will be possible to answer the question whether demand has managed to maintain advantage throughout the session.

Ending session at similar level will strengthen the demand and may lead price to resistance 1.0570. But If supply will be stronger and at the end of the session, a long upper shadow will appear it can only accelerate declines to key support 1.0330.
Sprawdź największy polski portal traderski - i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! Do zobaczenia w Krakowie!
Nice analysis.
I agree that long term this pair baed on weekly trend is down.
Now price is in control of Daily demand zone and created in power reaction H4 demand zone, broke H4 downtrend and on h1 chart remove opposing Supply zone, so i personaly will try catch long trend up.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出