AUDNZD Daily S/R| Swing High| .382 Fibonacci| Price Action

Evening Traders,

Todays analysis – AUDNZD- trading above a key S/R zone where a respect is probable,

Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral

AUDNZD’s immediate price action is trading above a level that has technical confluence with the .382 Fibonacci, this S/R level has a high probability of holding.

The Daily S/R is immediate objective, exceeding this level will increase the probability of trend continuation.

Both oscillators are trading neutral, a reversion to their means is highly probable

Overall, in my opinion, AUDNZD is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet