AUDNZD Bounced Nicely Off Its Support
AUDNZD bounced nicely off its support at 1.0818 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where price could rise to its resistance at 1.0940 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) shows a corresponding bounce off its support at 4.7%. We have also identified a bullish divergence with price which contributes to our bullish bias.
Stochastic (55, 5, 3) shows a corresponding bounce off its support at 4.7%. We have also identified a bullish divergence with price which contributes to our bullish bias.
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