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DLavrov

AUDNZD: The Price Reversal from Support

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
DLavrov  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Support and Resistance Technical Indicators AUDNZD Forex forexsignals
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trendanalysis supportandresistance indicator audnzd forex forexsignals
The price bounces from the support zone at 1.04000 level. RSI confirmed the price reversal. MACD supports a possible upward movement. If the price breaks the local downtrend line, it will give us a buy opportunity. Stop orders must be placed below the support zone and the local swing low. Profit targets should be at SMAs with 200 and 500 periods.
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