FX.co ★ AUD/NZD Trading Recommendations for 4th August, 2016

AUD/NZD remains bearish below major resistance.

1.0625 is a major resistance (graphical resistance + Fibonacci resistance + Bollinger band resistance) which we sell from.

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

Trading Recommendations:

Sell at 1.0625.

Stop loss raised to 1.0665.

Take profit at 1.0545 and 1.0400.