AUDNZD approaching resistance, potential reversal!
AUDNZD is approaching its resistance at 1.0985 (78.6% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.0861 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
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