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

Price has reached our profit target and dropped from there. We now prepare to buy above 1.0720 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.0784 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension).

Stochastic (21,5,3) sees strong support above the 4.4% level where we expect a bounce from.

Buy above 1.0720. Stop loss at 1.0677. Take profit at 1.0748.