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AUDNZD is approaching its resistance, potential drop!

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
ICmarkets Broker  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns aud NZD audnzdshort audnzdlong Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern aud nzd audnzdshort audnzdlong forex forexsignals bitcoin bitcoinforecast
AUDNZD could potentially rise to its resistance at 1.0603 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) before reversing and falling to its 1st support at 1.0556 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 1.0626 (76.4% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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