AUDNZD is approaching its resistance, potential drop!
AUDNZD could potentially rise to its resistance at 1.0603 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) before reversing and falling to its 1st support at 1.0556 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 1.0626 (76.4% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
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