FX:AUDNZD   Australian Dollar / New Zealand Dollar
Market have got down into strong support zone , which has worked as support many times before. As this zone have been broken we can consider it loosing its strenght. But it seems like if that zone will hold and price will go up again, we will have inverted head & shoulders pattern. Fibonacci 61.8% retracement level is in the middle of support zone working as strong magnet and possible reversal level. I will wait and look for confirmation of this setup. Or for the break down of the zone again.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out