AUDNZD approaching resistance, potential bounce!

18 ก.ค. 2018

AUDNZD is approaching our first support at 1.0862 (horizontal swing low support, 23.6%, 38.2% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0928 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
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