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

Price has dropped perfectly and reached our profit target. We prepare to buy above 1.0700 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.0753 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above the 4.75% level where we expect a bounce from.

Buy above 1.0700. Stop loss at 1.0672. Take profit at 1.0753.