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

Oleh ICmarkets
Broker
AUDNZD is testing its resistance at 1.063 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reaction could happen, causing price to fall to its 1st support at 1.0559 (horizontal swing low support). We have also identified a 2nd resistance at 1.0685 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).

Stochastic (35, 5, 3) is approaching its resistance at 94.6% where a corresponding reaction could occur.
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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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