AUDNZD long opportunity.

AUDNZD - Daily

Market (55 above 21) Flat. Price (5 above 8) Flat. Stochastic is moving up (Bullish). I have identified the following levels as resistance: (1) Between MR3 and mid psych level 1.075, (2) Between MR2 and mid psych level 1.065, and (3) Mid psych level 1.055. I have identified the following levels as support: (1) At 1.037, (2) 1.032, and (3) Between mid psych level 1.025 and MM1.

AUDNZD - H4

Market (21 above 55) is flat. Price (5 above 8) is Bullish. Stochastic is moving up (Bullish). I have identified the following levels as resistance: (1) Mid psych level 1.055, (2) Psych level 1.05, WM3 and MR1, and (3) MM3 (it has been resistance at this level before). I have identified the following levels as support: (1) WS1, (2) 1.032, and (3) Between mid psych level 1.025 and WM1. Price has retraced back to WPP/mid psych level 1.045. I am looking for a buy entry on my H1 chart.

AUDNZD - H1

Market (21 above 55) is flat. Price (8 above 5) is flat. Stochastic moving down (Bullish). I have identified the following levels as resistance: (1) Mid psych level 1.055, (2) MR1, WM3 and DR2, and (3) MM3 and DR1. I have identified the following levels as support: (1) DM3, WPP, mid psych level 1.045 and as per Fib, between 38.2 and 50, (2) MPP and DPP, (3) WS1, and (4) Between mid psych level 1.035 and DM1. Price was ranging between WPP/1.045 and DPP/MPP. Price then broke through the WPP/1.045 resistance level. Price has retraced back to WPP and looks like it is struggling to break through this support (previous resistance) level. I will look at my M1 chart for higher highs and higher lows before pulling the trigger.

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