AUDNZD 4H Forecast: Bulls Reclaim Support Toward 1.2100
AUDNZD is showing early signs of a bullish reclaim after a pullback into the 1.1970 to 1.1990 demand zone on the 4H chart.📌 Structure: Price pushed into the recent swing low near 1.1916 then snapped back above the 1.1993 to 1.1995 pivot, a sign of exhausted sellers and a possible shift back toward range highs.
📌 Support Zone: The 1.1970 to 1.1990 shelf has held as reaction support across the last two pullbacks on this timeframe, and buyers defended it again here.
📌 Sentiment: AUD and NZD flows stay choppy this week as risk appetite swings with
DXY, but relative strength in 
AUDUSD against a softer NZDUSD read is quietly favoring the cross higher.📌 Catalyst: RBA and RBNZ commentary this week could inject volatility into both legs of this cross, watch for a clean hold above 1.2000 as continuation confirmation.
📍 Entry: 1.19950 on confirmation of the reclaim above the pivot
🎯 Target: 1.21085 into the next major resistance shelf where price stalled on the prior leg up
Not financial advice, just reading the chart as it develops.
Trade active
Trade closed: target reached
Take profit was hit, trade was closed
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.