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Other AUD & NZD Pair Discussions (GBPNZD, EURAUD, AUDCAD Etc.)

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AUS/USD--->For Aussie:

Last five quarters of Aussie GDP - hovering near 0.6% and 0.5% (which seems to be positive to stable factor for the pair)

Cash rate expected to remain stable....Trade balance may show some signs of improvement wrt to prior couple of months....

 

In 4HR chart also: 0.9133-35 levels must be broken for near term 0.9180-95 regions and in order to achieve the overall target of 0.9250 areas.

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GBP/AUD

 

Some S&R possible swing trades:

Place GBP/AUD Sell order at 1.8687 Stop @ 1.8787 Close half @ 1.8637, move stop to 1.8687 Close rest @ 1.8587

 

Place GBP/AUD Buy Order at 1.9227 Stop @ 1.9127 Close half @ 1.9277, move stop to 1.9227 Close rest @ 1.9327

 

When one opens, cancel the other.

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GBP/AUD

 

Some S&R possible swing trades:

Place GBP/AUD Sell order at 1.8687 Stop @ 1.8787 Close half @ 1.8637, move stop to 1.8687 Close rest @ 1.8587

 

Place GBP/AUD Buy Order at 1.9227 Stop @ 1.9127 Close half @ 1.9277, move stop to 1.9227 Close rest @ 1.9327

 

When one opens, cancel the other.

 

This order is cancelled. Have a nice weekend all.

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As is seen from the chart, Aud/Chf has been moving inside a declining channel. Right now, its at the upper resistance, and at TradeCuts our analyst has marked 0.8365 - 0.8380 as the Entry Zone, with stops at 0.8425 and take profit levels at 0.8320. Initially a risk:reward of 1:1, but on a move of 25 points our trailing stop loss gets activated and price comes to break even.

For detailed information about how we take and manage our trades please write to us and visit us.

Regards,

5aa7122c78915_AUDCHFjuly11.thumb.jpg.e0c655cc52c9da0bb6e6e4e453f6d822.jpg

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NZDUSD; looks to me like the pair has found some support (and a good place to take profits) at .81223. I believe this small retracement will only last until previous support is met at around .82477. From this level traders will most likely see the price fall dramatically over the next 7-14 days.

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Tonight we have the RBA announcement . Most are expecting a dovish statement. If it is unchanged, we could see some relief for the AUSSIE.

 

 

Therefore

 

Buy AUD/JPY at 99.65

Stop at 99.05

Close 1/2 at 99.95

Close rest at 10150.

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For the first time since October, AUD/NZD is attempting to close above its 20-day Simple Moving Average. Historically, this has been a strong signal for short and medium term reversals in the currency pair. In 2014 AUD/NZD closed above the 20-day SMA on 8 occasions and 8 out of 8 times, which is 100% of the time its move extended for a minimum for anywhere between 40 and 300 pips with an average gain of 170 pips.

AUDNZD_0112151-1024x428.thumb.png.c8453077bf525313316bbf90a359143d.png

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Yesterday AUD/NZD broke down a bearish flag with a 1000 pips pole. As it is very close to its all time low already, another 1000 pips bearish move (which is the move you should expect according to Murphy technical analysis bible ) would bring it to a historical all time low.

So in case I do have a bearish signal on that pair, may be on a retest of the broken flag, I will let a tiny part of the trade open even if I hit my TP. Just in case . :missy:

2015-02-04_1016_AUD_NZD.thumb.png.6e4b9c3424b5cbd64ac20da0d19c6573.png

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