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FX.co ★ AUD/NZD profit target reached perfectly, time to start buying

AUD/NZD profit target reached perfectly, time to start buying

Price has dropped perfectly and reached our profit target. We now prepare to buy above 1.0771 support (Fiboancci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.0932 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory).

Stochastic (55,5,3) is seeing major support above 1.3% where we expect a bounce from.

Buy above 1.0771. Stop loss at 1.0707. Take profit at 1.0932.

AUD/NZD profit target reached perfectly, time to start buying

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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