AUDNZD - The Perfect Setup
AUDNZD has created a perfect, textbook, setup.
The pair broke below the important horizontal support at 1.0660-> travels quickly to 12.7.2% Fibonacci extension -> Bulls jump in and defend the extension -> AUDNZD returns higher to retest the broken support, now acting as a resistance -> Rejected, returns lower to penetrate the 127.2% Fibo support in the second attempt -> Targets 161.8% Next.
The pair broke below the important horizontal support at 1.0660-> travels quickly to 12.7.2% Fibonacci extension -> Bulls jump in and defend the extension -> AUDNZD returns higher to retest the broken support, now acting as a resistance -> Rejected, returns lower to penetrate the 127.2% Fibo support in the second attempt -> Targets 161.8% Next.
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