AUD/NZD - Weekly Time frame Analysis

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AUD/NZD - Weekly Time frame AnalysisAUD/NZDOANDA:AUDNZDjamesibartram๐Ÿ“Œ Technical Breakdown: โœ… Liquidity Sweep just occurred below previous lows, clearing weak long positions โ€” a classic reversal signal. ๐Ÿ”‚ Price tapped into a major weekly demand zone around the 1.04150 โ€“ 1.05000 range. ๐Ÿ” Strong reaction after hitting the 71% Fibonacci retracement, showing institutional buying. ๐Ÿงฑ Previous imbalance has been filled; structure now favoring a bullish continuation. ๐Ÿ“ˆ The target: Buy-side liquidity above 1.10200 where price previously reversed with imbalance. ๐Ÿ“Š Volume confirmed by a spike post-sweep โ€” buyers are stepping in. ๐ŸŽฏ High-Probability Trade Setup: Entry Zone: 1.0500 โ€“ 1.0600 Stop Loss: Below 1.0390 (beneath liquidity zone and fib invalidation) Take Profit Target: 1.1000 โ€“ 1.1050 Risk-to-Reward: ~1:4+ depending on entry confirmation ๐Ÿ”ฎ Expectation: Price may form a higher low retest around 1.0600 before launching. A confirmed break above the imbalance at 1.0830 would unlock clean momentum toward buy-side targets. ๐Ÿง  Final Note: This is a classic demand + liquidity + fib reversal setup on the weekly โ€” ideal for a mid-to-long-term swing position with fundamental and technical alignment. Confirmation from daily/4H time frames can optimize your entry timing.