Australian & New Zealand Currency Pairs

We are going to be focusing our attention on Australian and New Zealand pairs for this week. Would like to see a bearish sentiment for Australian pairs while on the other hand some strength to kick in on the New Zealand pairs.

From the 16 pairs the best looking pair is AUDNZD.

Like this pair because we are already in a down trend with a channel being created on the 4H charts.

Possible entry area 1.05000

Possible exit area 1.04000

Analysis Video:

AUD / NZD is not a technical pair. It is difficult to predict anything. Recently there has been a channel. Perhaps it will move to the upper boundary of the channel.
Daily

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Hi @Alekxandra

Yes this is the channel I would like to trade… once it comes to the upper area of the channel… i want to sell :slight_smile:

Hi @Alekxandra you were correct…

Thanks for the head’s up… I also left the trade, didn’t get in.

Have a look at this post trade analysis.