AUDNZD broke out of resistance, further potential rise!
AUDNZD broke out of our first resistance-turned-support at 1.0671 (horizontal overlap support) and a strong rally might occur, pushing price up to our major resistance at 1.0794 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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