FX.co ★ Technical analysis of AUD/NZD for October 18, 2016

The price dropped perfectly to our profit target as expected. We turn bullish above the 1.0655 major support (Fibonacci retracement, Fibonacci projection, channel support, pullback support) for a push up to 1.0766.

The RSI (34) is above ascending support.

Stochastic (21,5,3) is bouncing above the 8% support.

Buy above 1.0655. Stop loss at 1.0569. Take profit at 1.0766.