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Dollar Australia / Dollar New Zealand
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AUDNZD testing its resistance, potential reversal!

Oleh ICmarkets
Broker
AUDNZD is testing its resistance at 1.0706 (38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 1.0687 (61.8% Fibonacci extension, horizontal overlap support) if it breaks past this support, it could fall to the next support at 1.0606 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed from its resistance at 97% where it has a lot of downside potential.
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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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