FX.co ★ AUD/NZD Approaching Resistance, Prepare For A Reversal

AUD/NZD is approaching its resistance at 1.0703 (100% Fibonacci extension, 61.8%, 23.6% & 32.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.0652 (horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.

AUD/NZD is approaching its resistance where we expect to see a reversal.

Sell below 1.0703. Stop loss 1.0738. Take profit at 1.0652.