AUDNZD Analysis by @moneyandcharts

Total Quality
Score
1.07342
1.0640000000
1.0955
AUDNZD
1H
Pending
Free
Analysis Predict Bull Market
Technical
The analysis covers five financial instruments: USDSEK, AUDNZD, Lockheed Martin, Deere & Co, and Chubb Ltd. USDSEK is forming a falling wedge, suggesting a bullish reversal if it breaks above the resistance trendline, with a target of 10.2651. A breakdown below the support trendline would negate this. AUDNZD is also forming a falling wedge, bullish upon breaking the resistance, targeting 1.0955. Lockheed Martin shows a double bottom, and recently broke above the Ichimoku Cloud, suggesting an upside. A close above 494.20 would confirm this bullish pattern, targeting 569.22. Deere & Co appears to be forming a head and shoulders top. A close below 404.42 would complete this bearish pattern, with a target of 293.73. Chubb Ltd may be forming a double top, cautioning further downside if it closes within the Ichimoku Cloud and below its 20-week simple moving average; completion is below 252.56, targeting 203.37.
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