FX.co ★ Technical analysis of AUD/NZD for September 21, 2016

Following my previous analysis AUDNZD reached the first upside target at 38.2% Fibs (1.0370). No signs of a downtrend continuation can be seen at this point and therefore the corrective wave up is likely to continue, although to secure the profit stop loss could be moved to break even.

Consider holding long positions till the next target at 50% Fibs (1.0440) with a stop loss just below the 1.0300.

Support: 1.0280

Resistance: 1.0370, 1.0440, 1.0510