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Dolar Australia / Dolar New Zealand
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AUDNZD approaching resistance, potential drop!

Oleh Tickmill
Broker
AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.0538 (horizontal overlap support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
audAUDNZDaudnzdlongaudnzdshortChart PatternsForexforexsignalsforextradingHarmonic PatternsNZDTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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