AUDNZD may go down IF it breaks the support level.

FX:AUDNZD   Australian Dollar/New Zealand Dollar
17 0 1
If AUDNZD             breaks the support level at 1.0806 (pink line) there is a high chance, that we may see a continuation right to 1.0783 (blue line) which is the key support level now confirmed by 3 Fibo retracements (low - 1.0573 to high - 1.0912; low - 1.0700 to high - 1.0912; high - 1.0912 to low - 1.0806) 38,2%, 61,8% and 127,2%, and 2 old resistance (now support) levels (blue rectangles). After this move there is a high chance that the prices will go up again, BUT if this key support will be violated (after a retest I believe) then we may see a downtrend right to 1.0700 (brown line) which is a next very good support confirmed by 61,8% Fibo level, Round Number and an older resistance (now support) level.

So guys watch this pair carefully, because there is an opportunity to make money :)

EDIT: After reaching 50% Fibo (around 1.07434) we may also see a correction confirmed by 3 different Fibo and a small old resistance (now support) lvl             . Sorry guys, didn't see this until now.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out