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ICmarkets
Jun 26, 2018 2:56 AM

AUDNZD Tested Resistance, Potential Drop! Short

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD reacted off its resistance at 1.07812 (100% Fibonacci extension, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance) where price could drop to its support at 1.0710 (100% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
Comments
twyze
nice set up, thanks
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