Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

AUDNZD analysis & trading plan - 19 September 2024 #forex #trading#forexsignals #fyp #shorts

19 Sept 2024 · 1 min

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Vladimir Ribakov analyzes AUD/NZD, noting the daily chart broke above a falling trendline after a bullish MACD divergence. The 4-hour chart shows three higher highs and lows. He sees pullbacks to Fibonacci levels as buying opportunities if support holds.

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Is Aussie Kiwi a buy? Let's take a look on the chart. The daily chart breaks classically above the falling trend line. All that happens after the MACD completes a bullish divergence— lower lows on the chart, higher lows on the MACD histogram. The 4-hour chart completes classical price action to the bullish direction— 3 higher highs, higher lows. Any pullbacks towards the Fibonacci or close to them, and as long as these Fibonacci levels will hold, I believe Aussie Kiwi has more to offer to the upside.