ICmarkets

AUDNZD Testing Resistance, Potential for Reversal

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is testing its resistance at 1.0852 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where a potential reversal to its support at 1.0783 (76.4% Fibonacci retracement) could occur. RSI (55, 5, 3) is testing its resistance at 41% where a corresponding drop could occur.

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