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Dollar Australia / Dollar New Zealand
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AUDNZD is approaching its resistance, potential drop!

Oleh ICmarkets
Broker
AUDNZD could potentially rise to its resistance at 1.0603 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) before reversing and falling to its 1st support at 1.0556 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 1.0626 (76.4% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 96% 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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