AUDNZD testing its resistance, potential to drop!
AUDNZD is testing its resistance at 1.063 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reaction could happen, causing price to fall to its 1st support at 1.0559 (horizontal swing low support). We have also identified a 2nd resistance at 1.0685 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (35, 5, 3) is approaching its resistance at 94.6% where a corresponding reaction could occur.
Stochastic (35, 5, 3) is approaching its resistance at 94.6% where a corresponding reaction could occur.
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