AUDNZD approaching support, potential bounce!

19 thg 6, 2018

AUDNZD is approaching our first support at 1.0666 (horizontal overlap support, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0779 (horizontal pullback resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.0747 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) might provide the bullish acceleration to our major resistance target.
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