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AUD / NZD (AUDNZD)

DavidApol · 11 · 3171

DavidApol

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on: Sep 19, 2013, 03:55 PM
Two Commodity Dollars – Who Will be Victorious?



In the daily chart, a clear downtrend can be seen for the pair. The plotted bearish channel has a volatility of 3000 points. A classic bounce play (downward bias) can be expected, with the sell limit placed just below the major psychological level of 1.14, which also served as a minor resistance for the pair.

To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research?menu=s-technicalreport&code=DAAP


DavidApol

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Reply #1 on: Sep 26, 2013, 10:45 AM
Another Sweet Setup for the Aussie Bulls



In the daily chart, AUDNZD has been travelling inside the bearish channel for quite a while now. The pair is seen to make a minor correction (through a short-term rally) as indicated by the recent long bullish candle, which was actually fueled by a doji + inverted hammer forming right at the support (in the H4 chart). Price is still halfway through the correction, so jumping in the trend can still be deemed as an opportunity to profit.

To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research?menu=s-technicalreport&code=DAAP


MetisEtradePR

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Reply #2 on: Aug 26, 2014, 06:32 PM


The figure is a huge fall from the previous month’s trade surplus of 242 Million Dollars.


MetisEtradePR

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Reply #3 on: Sep 09, 2014, 06:05 PM


New Zealand has been the first developed country to raise interest rates from record low. Last July, the central bank increased interest rates by 25 basis points for the fourth consecutive time this year.


yellowminded

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Reply #4 on: Sep 10, 2014, 12:30 AM
Hi. Based on your post (NZD hiking interest rates), shouldn't we be going short on this pair? :)


Dogberto

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Reply #5 on: Sep 14, 2014, 10:54 PM
The explanation of the latest research report posted above was cut short.
Check out the full link to it here below:
"Will the Kiwi Fall on Rate Statement?"
http://www.metisetrade.com/research/report_data/Fundamental/52026
The trade did get filled on Sept. 9, but hit the stop loss during the same day for a 37 pip loss.


MetisEtradePR

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Reply #6 on: Oct 13, 2014, 03:49 PM


On the other hand, Reserve Bank of New Zealand proved that the bank is willing to intervene in order to control the overvalued Kiwi. RBNZ sold New Zealand Dollar amounting to 521 Million—it’s biggest intervention in seven years. The Kiwi is expected to depreciate further on falling prices of commodities exported.

A buy limit position in AUDNZD is recommended.


MetisEtradePR

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Reply #7 on: Oct 21, 2014, 07:13 PM


Support and Resistance Level

While the kiwi has been gaining on the Aussie since the start of the month, some loss of momentum can be seen as daily volatility is gradually decreasing. Support at 1.09339 is expected to hold so going long near this level is recommended. Take profit close to the immediate resistance at 1.11236 is suggested. More conservative traders could wait for a bounce from support before entering a buy position.

Trend Indicators

The 100-day (red line) and 200-day (blue line) simple moving averages point to AUDNZD’s slightly bullish trend in the medium-term as the faster moving average crossed over the slow moving average last July. Support from the trend indicators could be found between 1.08901 and 1.09963.

Oscillators

The relative strength index at 39.52 in the 4-hour chart shows the currency has been dipping into oversold levels as it moved in a downward trend. The currency could once again dip below index level 30 before finally gaining bullish momentum. This will be confirmed upon a break of index level 40.


MetisEtradePR

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Reply #8 on: Nov 10, 2014, 05:37 PM


Support and Resistance Level

AUDNZD has been consolidating since August 2014. This consolidation has been forming an ascending triangle chart pattern for the past three months. The continuation of this chart pattern formation should be taken advantage of by placing a buy limit near the support level of the pattern at 1.10458. Profit-taking should be done near the resistance level at 1.12926.

Trend Indicators

The 10-day (red line) and 20-day (blue line) simple moving average of AUDNZD reveal that the currency pair has been consolidating for the past three months. The 100-day (orange line) simple moving average reveals that the long-term trend of the currency pair is up. The 100-day SMA can serve as a strong support level of AUDNZD.

Oscillators

The relative strength index (RSI) of the four-hour chart indicates that the currency pair is neither overbought nor oversold at 42.73 RSI level. The RSI reveals that the short term trend of the currency pair is down. There is a possibility for the RSI to retest below the 40.0 level first confirming that AUDNZD will possibly go down first before going up.


MetisEtradePR

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Reply #9 on: Nov 26, 2014, 06:57 PM


Support and Resistance Level

AUDNZD has been ranging between the support and resistance at 1.09094 and 1.12927 respectively since August 2014. A possibility of the continuation of the consolidation should be taken advantage of buying after the rebound from the support level. Profit-taking should be done before the near resistance level at 1.10458.

Trend Indicators

The 100-day (red line) and 200-day (blue line) simple moving average of AUDNZD confirms that the currency pair has been is still in an uptrend in the long run. There is a possibility for the currency pair to rebound from the current level in pursuit of the general uptrend.

Oscillators

The relative strength index (RSI) of the AUDNZD four-hour chart confirms that prices have just recently recovered from an oversold level. The RSI is currently at 35.21. A breach of the 40.0 RSI level confirms the rebound of the currency pair.


MetisEtradePR

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Reply #10 on: Mar 11, 2015, 04:39 PM


The Reserve Bank of New Zealand is expected to hold rates at 3.50% on their next interest rate decision. The central bank mentioned before that the possibility of a rate-hike will depend on economic data. New Zealand’s economic growth was reported to be at 1% in the third quarter of 2014. The fourth quarter GDP data will be released on March 19. Unemployment rate was at 5.7% in the fourth quarter of 2014.


 


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