FX.co ★ Technical analysis of AUD/NZD for 10th November 2016

We prepare to sell when price makes a push up to major resistance at 1.0577 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance) where we expect a drop from to at least 1.0362 again.RSI (34) remains below a long-term descending resistance line. As long as RSI doesn't cross above that line with strength, we remain bearish.

Sell below 1.0577. Stop loss at 1.0635. Take profit at 1.0362.