AUDNZD testing its resistance, potential to drop!
AUDNZD is testing its resistance at 1.063 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reaction could happen, causing price to fall to its 1st support at 1.0559 (horizontal swing low support). We have also identified a 2nd resistance at 1.0685 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (35, 5, 3) is approaching its resistance at 94.6% where a corresponding reaction could occur.
Stochastic (35, 5, 3) is approaching its resistance at 94.6% where a corresponding reaction could occur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.