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.
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