AUDNZD approaching support, potential bounce!
AUDNZD is approaching our first support at 1.0858 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 1.098 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it bounce off this level.
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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