FX.co ★ AUD/NZD profit target reached, prepare to buy

Price dropped perfectly to our profit target from last week. We turn bullish above major support at 1.0428 (Fibonacci projection, Fibonacci retracement, horizontal swing low support) and expect a push up to at least 1.0521 (Fibonacci retracement, horizontal overlap resistance).

RSI (34) is seeing major support from 36% where the previous major bounce occurred.

Stochastic (21,5,3) is seeing major support from the 0.8% too where we expect a bounce from.

Buy above 1.0428. Stop loss at 1.0362. Take profit at 1.0521.