AUDNZD approaching its support, potential bounce!
AUDNZD is approaching its support at 1.0761 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support) where price could potentially bounce off, causing price to rise to its major resistance at 1.0895 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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