FX.co ★ AUD/NZD Bounced Off Support, Prepare For Further Rise!

AUDNZD bounced off its support at 1.0841 (61.8%, 100%, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it is expected to rise to its resistance at 1.0922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) bounced off its supporty at 4.4% where a corresponding rise is expected.

AUD/NZD bounced off its support where we expect to see a further rise.

Buy above 1.0841. Stop loss 1.0785. Take profit at 1.0922.

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