FX.co - AUD/NZD Trading Recommendation for 3rd August, 2016

2016-08-03T09:40:10

Long-term review

We turn bearish below 1.0570 key resistance (graphical resistance + fibonacci resistance + bollinger band resistance) for a drop to 1.0400.

Stochastics (21,5,3) is also turning down signalling a bearish move.

AUD/NZD Trading Recommendation for 3rd August, 2016

Trading Recommendations:

Sell at 1.0570.

Stop loss at 1.0640.

Take profit at 1.0400.

*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 Trading Recommendation for 3rd August, 2016