This is our current AUD/NZD trend analysis. This pair looks like it is oscilating and ranging on the on the D1 time frame. Traders can set an audible price alert at 1.0675. When the price alert hits check The Forex Heatmap® to confirm any buy entries. On any buy entries you would be looking for consistent AUD strength or NZD weakness on the heatmap. This pair has great upside potential to the 1.1000 resistance area, over 200 pips of potential in the full D1 cycle.
This trend analysis if the AUD/NZD was performed with multiple time frame analysis by individual currency, which is our market analytical method for all 28 pairs we follow. When pairs are not trending some times they are oscillating, or ranging. This ranging currency pair is building an increasing bottom or higher support level than the previous lows, which is bullish. If traders want to learn more about forex chart patterns , we have resources and illustrated forex articles on our website.
AUD/NZD Trend Analysis