FX.co ★ AUD/NZD remain bullish above major support

We remain bullish above 1.0766 major support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 3.3% and also bullish divergence vs price signalling that a bounce is impending.

Buy above 1.0766. Stop loss at 1.0695. Take profit at 1.0896.