AUDNZD approaching resistance, potential drop!

2018년 6월 21일

Price is approaching our first resistance at 1.0779 (Horizontal pullback resistance, 38.2%, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.0666 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.