FX.co ★ AUD/NZD trading recommendation for 23rd June 2016

The key idea here is to wait for the price to make a push down to the 1.0450 level, which is a beautiful graphical support, and this would correspond with the ascending support seen on the RSI, too. From there, we can take a long position for a rise to 1.0500 first before 1.0550.

Trading recommendations:

Buy at 1.0450

Stop loss at 1.0400

Take profit at 1.0550