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Australian Dollar / New Zealand Dollar
Short

AUDNZD Approaching Resistance, Potential Reversal

By ICmarkets
Broker
AUDNZD is approaching its resistance at 1.09008 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.08593 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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