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AUDNZD Forex cross-pair analysis: getting stronger in September 2024

Why is the AUDNZD Forex cross-pair rallying in September 2024? Don’t sell AUDZND Forex cross-pair after a strong sell-off and with a strong demand level in control – here’s why. The reason is that the markets are governed by the forces of supply and demand, whether we like it or not. These forces move the threads in the background, creating strong market price action. In this video market analysis, I will review why you should not sell after a strong sell-off on any Forex cross pair; AUDNZD is no exception.

You are probably trading the daily timeframe or taking short-term and intraday positions on stocks, Forex and cryptos.

  • Stop chasing trades.
  • A strong move should make you stop trading.
  • Take profits will usually start to happen.
  • No need for any indicators to do this.
  • Use logic and common sense.
  • Supply and demand govern the markets.

The weekly timeframe below shows a weekly supply imbalance created a few weeks ago for the AUDNZD cross-pair. Last week, the imbalance took control. After such a strong sell-off and bullish price action, we expect the AUD (Australian Dollar) to become much stronger against the New Zealand dollar. These are the forces of supply and demand and price action analysis. You can use price action and intraday Forex strategies to trade off this demand level located at 1.079.

The weekly chart analysis for the AUDZD cross-pair shared below was posted at Set and Forget Online Trading Academy. Let’s see if the price action behaves as expected. We expect a decent reaction and rally from this imbalance in the following days and weeks.

AUDNZD Forex cross-pair analysis: getting stronger in September 2024

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