FX.co ★ AUD/NZD profit target reached, remain bullish

Price reached our profit target perfectly yesterday. Today we look to buy on dips at 1.0600 support (Fibonacci retracement + Elliott Wave structure) for a bounce up to 1.0745 major resistance again.

RSI (34) has bounced above our support as expected yesterday and has made a bullish exit of its descending resistance-turned-support line signaling a rise is in progress.

Buy above 1.0600. Stop loss at 1.0550. Take profit at 1.0745.