AUDNZD: WEEKLY SCENARIO – 16 February 2022

Technical Analysis

AUDNZD Technical Analysis: Weekly Chart

AUDNZD Technical Analysis

In the weekly charts, AUDNZD is trading in an up channel.

It is trading above all SMA.

The immediate support is 1.0749 & the resistance level is at 1.0838.

AUDNZD is trading in the up channel until there is a trend reversal

AUDNZD Technical Analysis: Daily Chart

AUDNZD Technical Analysis

In the daily charts, AUDNZD is trading in an up channel.

It is trading above all SMA.

The immediate support is 1.0765 & the resistance level is 1.0792.

AUDNZD is trading in the up channel until there is a trend reversal.  

How to Trade AUDNZD this Week:

AUDNZD will follow the uptrend until their trend reversal. So, remain bullish on AUDNZD.

TRADE SUGGESTION- BUY AT 1.0789, TAKE PROFIT AT 1.0792 AND STOP LOSS AT 1.0765

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