FX.co ★ AUD/NZD buy again above major support

Price tested our stop loss level and reversed above this strong support level at 1.0550 (horizontal support, Fibonacci retracement, bullish candlestick reversal). We remain bullish looking to buy above this level for a small push up to 1.0615.

RSI (34) is also seeing major support at the 34% level where we expect a bounce from.

Buy above 1.0550. Stop loss at 1.0503. Take profit at 1.0615.