FX.co - AUD/NZD approaching support, potential bounce!

2019-06-18T02:08:18

Relevance until2019-06-19

Price is approaching its support where it could potentially bounce up to its resistance.

Entry : 1.0515

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance

Stop Loss : 1.0454

Why it's good : 100% Fibonacci extension

Take Profit : 1.0587

Why it's good : Horizontal swing high resistance

AUD/NZD approaching support, potential bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ AUD/NZD approaching support, potential bounce!