AUDNZD approaching support, potential bounce!
AUDNZD is approaching our first support at 1.0666 (horizontal overlap support, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0779 (horizontal pullback resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.0747 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) might provide the bullish acceleration to our major resistance target.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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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