AUDNZD approaching resistance, potential bounce!
AUDNZD is approaching our first support at 1.0862 (horizontal swing low support, 23.6%, 38.2% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0928 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also 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 (89,5,3) is also 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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