Tickmill
Short

AUDNZD approaching resistance, potential drop!

FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is approaching our first resistance at 1.0370 (horizontal pullback resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our major support at 1.0341 (38.2% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice.
I wondered if you had an update on this pair ?
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IM LOOKING FOR THIS PAIR TO GO LONG AND THEN A SHORT FOR NEXT WEEK.. LOOKING TO START LONG TODAY. NEGATIVE NEWS ON THE KIWI AND THEN THIS PAIR TO FALL NEXT WEEK
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