AUD/NZD: technical analysis and trading recommendations_04/08/2022

 
 
 
 
 
 
 
AUDNZD-Mn-Chart

Since December 2021, AUD/NZD has been trading in an uptrend. Having started growth from the level 1.0430, the pair during this time has grown by 4.3%, approaching the upper limit of the range formed between the levels 1.0950 and 1.0320.

AUDNZD-W-Chart

In the zone above the key support levels 1.0670 (EMA200 on the weekly chart), 1.0640 (EMA200 on the daily chart), AUD/NZD remains in the bull market zone, maintaining positive dynamics.

AUDNZD-D-Chart

In this situation, long positions are considered preferable, and the growth targets are the resistance levels 1.0950 and 1.1040 (EMA144 on the monthly chart and the local resistance level).

AUDNZD-H1-Chart

In an alternative scenario, there will be a reversal from the current levels, and the first signal to open short positions will be a breakdown of the short-term support level 1.0862 (EMA200 on a 15-minute chart). The breakdown of support levels 1.0841 (EMA200 on the 1-hour chart), 1.0830 (local support level) will become a confirming signal.

AUDNZD-M15-Chart

Support levels: 1.0862, 1.0841, 1.0830, 1.0800, 1.0771, 1.0670, 1.0640, 1.0600

Resistance levels: 1.0885, 1.0920, 1.0950, 1.1000, 1.1040

Trading Recommendations

Sell Stop 1.0820. Stop Loss 1.0890. Take-Profit 1.0800, 1.0771, 1.0670, 1.0640, 1.0600

Buy Stop 1.0890. Stop Loss 1.0820. Take-Profit 1.0920, 1.0950, 1.1000, 1.1040