FX.co - AUD/NZD surpassed strong resistance, time to start buying

2016-10-05T08:12:38

Long-term review

Price has broken significant resistance at 1.0570 which opens the door up to 1.0675. Our stop loss is at 1.0510 which is the last swing low.

RSI (21) has made a bullish exit signalling that a bullish move is in progress.

Buy above 1.0570. Stop loss at 1.0510. Take profit at 1.0675.

AUD/NZD surpassed strong resistance, time to start buying

*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 surpassed strong resistance, time to start buying