TradingView
ICmarkets
Aug 13, 2018 3:28 AM

AUDNZD Is Approaching Support, Potential Bounce! Long

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD is approaching its support at 1.0988 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially bounce to its resistance at 1.1162 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
Comments
lg.haris
thanks please mention which TF do u use..?
LiangD
@lg.haris, It looks like an H2 time frame.
Trading8Man
perfect
farciothelmi1985
Awesome work as always. We're always grateful for this!
diolocaba1981
sending thanks for the good analysis as always, please keep educating us sir!
gutermuthpantzartzis
Please keep posting more analysis... thanks...
More