FX.co ★ AUD/NZD Testing Its Support, Potential Bounce!

AUD/NZD is testing its support at 1.0723 (78.6% & 50% Fibonacci retracement, 100% Fibonacci extension x2, horizontal overlap support) where we expect price to rise to its resistance at 1.0833 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is testing its support at 5% where a corresponding rise is expected.

Buy above 1.0723. Stop loss at 1.0661. Take profit at 1.0833.