Home Forex Market Analysis Forex Signals AUD/NZD Upward Channel Underpinds – Bullish Setup in Play! 

AUD/NZD Upward Channel Underpinds – Bullish Setup in Play! 


The AUD/NZD pair is trading with a bullish bias at 1.07901 level, facing immediate support at 1.07820 level. On the higher side, the pair may find resistance at the 1.07990 level, and a bullish crossover of 1.0799 level can extend the buying trend until the 1.0810 level. The MACD is closing histograms over 0, suggesting bullish bias in the AUD/NZD pair. In any case, the pair can drop until the 1.0782 level before extending further higher. Here’s a trade plan…

Entry Price – Buy 1.07861

Stop Loss – 1.07461

Take Profit – 1.08261

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

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