AUDNZD is approaching its support at 1.0761 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support) where price could potentially bounce off, causing price to rise to its major resistance at 1.0895 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
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