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Chart Analysis: AUD/NZD Nearing Long-Term Trend Correction Points

by bullnews
April 29, 2025
in FX
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Chart Analysis: AUD/NZD Nearing Long-Term Trend Correction Points
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Alright, here’s the rewrite with all those human quirks and bursts:

—

So, hey, we’re diving into this Aussie pair, and man, does it look like it’s doing a little dance, heading down correction lane. Prices are flirting with those Fibonacci retracement lines and that stubborn descending trendline. It’s like, “Long-term trend, are you still gonna be our buddy or what?”

Alright, let’s break it down with these juicy inflection spots on the 4-hour chart:

(You checkin’ out that AUD/NZD dance? Yeah, it’s a whole captured moment, right above.)

Anyway, there’s gossip flying around – the U.S. and China, they’re maybe trying to chill on the trade drama, which, surprise, surprise, has the Aussie dollar doing a little jig. But hold up, China’s like, “Nah, Xi and Trump haven’t even chatted yet, so who knows, maybe tariffs are gonna stir things up again.”

Meanwhile, our friend the Kiwi might just bounce back, getting some space from the U.S.-China drama, and hey, their dairy gig’s bouncing, too. So, is AUD/NZD gonna give in and tumble down again soon?

Little note: Market moods? They’re all about those fundamentals. So, yeah, if you haven’t done your homework on the Aussie and Kiwi dollars yet, you might wanna hit that economic calendar and soak up some daily updates!

Zooming into numbers, this pair’s shimmying close to the 38.2% Fibonacci at around R2 (1.0800), and this big psychological number could attract sellers, setting the stage for another downturn.

But whoa, hang on if we get a bigger pullback hitting the 50% Fib at R3 (1.0860) or even up to the 61.8% near the long-term trend line…it’s popcorn time. Could these levels block gains? We might see prices nosedive back to that swing low at S1 (1.0670). But – big ‘but’ here – a move above 1.0900 could wave hello to a major reversal.

And don’t forget to eye those big catalysts shaking market vibes, and seriously, manage your trade sizes when you jump in!

—

There you go, let the chaos rain!

Tags: AnalysisAUDNZDChartCorrectionLongTermNearingPointsTrend
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