Australian Dollar / New Zealand Dollar

Long

AUD/NZD:LONG From Support Area - 50% FIBO - BUY Setup

Updated

AUD/NZD inside a Bullish channel, in the last sessions, had a Pullback on the previous support at 1.11364 in confluence with the 50% Fibonacci and the dynamic trendline of the Channel. As you can see, today the price had a rebound, and looking at the Stochastic divergence and in the oversold scenario plus the RSI turned bullish, our forecast is for a new Bullish impulse.

Note

snapshot

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