FX.co ★ AUD/NZD remain bearish below major resistance

We remain bearish looking to sell on strength below the resistance at 1.0494 (horizontal swing high resistance, Fibonacci projection) for a push down to 1.0418 (Fibonacci retracement, horizontal overlap support).

RSI (34) shows major resistance below the 56% level.

Sell below 1.0494. Set stop loss at 1.0520 and take profit at 1.0418.