ICmarkets

AUDNZD Approaching Support, Potential Bounce!

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD bounced off its support at 1.0862 (23.6% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially retrace back to before making its way up to its resistance at 1.0928 (61.8% Fibonacci extension 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) bounced off its support at 5& where a corresponding rise could occur.

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