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AUDNZD approaching support, potential bounce!

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Australiensisk dollar/Nyzeeländsk dollar (FX:AUDNZD)  
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FX:AUDNZD   Australiensisk dollar/Nyzeeländsk dollar
Harmonic Patterns Chart Patterns Trend Analysis AUDNZD aud NZD audnzdlong audnzdshort Forex forextrading forexsignals
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harmonicpatterns chartpattern trendanalysis audnzd aud nzd audnzdlong audnzdshort forex forextrading forexsignals
AUDNZD 0.38% is approaching its support at 1.0920 (76.4%, 50% & 38.2% Fibonacci retracement , horizontal overlap support) where we expect a strong bounce to occur, pushing price up to its resistance at 1.1043 (50% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 6.1% where a corresponding bounce is expected.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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