{"id":12529,"date":"2022-09-23T09:46:05","date_gmt":"2022-09-23T09:46:05","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12529"},"modified":"2023-05-15T09:48:39","modified_gmt":"2023-05-15T09:48:39","slug":"audnzd-testing-resistance-how-to-trade-a-breakout-or-rejection","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/23\/audnzd-testing-resistance-how-to-trade-a-breakout-or-rejection\/","title":{"rendered":"AUDNZD Testing Resistance. How to trade a breakout or rejection."},"content":{"rendered":"

 <\/p>\n

The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021.<\/p>\n

The price is currently testing the top (Higher Highs trend-line) of the Megaphone. A break above it, should target the top of the Channel Up and complete the +4.70% rise that has been done the two times that the pair rebounded on the Channel’s bottom. A rejection either now or at the top of the Channel Up should be bearish medium-term, targeting at least the 1D MA50 (blue trend-line). A break below the Channel Up, establishes the Megaphone as the dominant pattern, and should test its bottom, along with the 1D MA200 (orange trend-line).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/AUDNZD\/UCEg3T2Q-AUDNZD-Testing-Resistance-How-to-trade-a-breakout-or-rejection<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021. The price is currently testing the top (Higher<\/p>\n","protected":false},"author":611,"featured_media":12530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12529"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12529\/revisions"}],"predecessor-version":[{"id":12532,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12529\/revisions\/12532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12530"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}