Nice idea on AUDNZD. The 1st support that we have identified is at 1.0817. It is a 61.8% & 50% Fibonacci retracement and a horizontal overlap support. Stochastic is approaching its support at 4.9% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 1.0853 resistance level which is near your TP 1 level. It is a 61.8% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and we would like to hear your thoughts.
MajorMarketsTrading
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@ICmarkets, thanks. I will add some charts with further analysis as well soon.
Please have a look at our idea and we would like to hear your thoughts.