Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/NZD "Aussie vs Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2h period, the recent / nearest low or high level.
Goal 🎯: 1.11370 (or) Escape before the target
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the AUD/NZD (Australian Dollar/New Zealand Dollar) pair is : Bullish
Reasons:
Australian economic growth: Australia's economy is expected to grow at a rate of 2.5% in 2023, driven by a strong labor market, increasing business investment, and a rebound in the housing market. Commodity prices: Australia is a major exporter of commodities such as iron ore, coal, and gold, and increasing prices for these commodities are expected to support the Australian dollar. Interest rate differential: The Reserve Bank of Australia (RBA) has kept interest rates at a relatively high level of 1.5%, while the Reserve Bank of New Zealand (RBNZ) has kept interest rates at a low level of 1.0%, which could lead to a stronger Australian dollar. New Zealand economic slowdown: New Zealand's economy is expected to slow down in 2023, due to a decline in dairy prices and a decrease in consumer spending. Trade agreements: Australia has been signing trade agreements with other countries, which could improve the country's trade balance and support the Australian dollar.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth could reduce demand for the Australian dollar and drive down the pair. China's economic slowdown: China is Australia's largest trading partner, and a slowdown in China's economy could impact Australia's economy and the Australian dollar. New Zealand economic growth: If New Zealand's economy grows more quickly than expected, it could lead to a stronger New Zealand dollar and a weaker Australian dollar.
Bullish Factors:
Increasing demand for the Australian dollar, driven by growing investment demand and commodity prices. Decreasing demand for the New Zealand dollar, driven by declining dairy prices and weak consumer spending. Potential for a decline in the New Zealand dollar, driven by a dovish Reserve Bank of New Zealand and weak economic growth. Strong Australian economic growth, driven by strong commodity prices and investment. Diversification benefits of investing in the Australian market, which can reduce portfolio risk and increase returns.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
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