AUDNZD is testing our first resistance at 1.0993 (horizontal overlap resistance, 50%, 76.4% Fibonacci retracement) and a strong might occur below this level pushing price down to our major support at 1.0920 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and a reaction below this level 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.