ICmarkets

AUDNZD Approaching Resistance, Potential Reversal!

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is approaching its resistance at 1.0597 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.0525 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.