AUDNZD testing its descending resistance line
AUDNZD is testing its descending resistance line where a potential reaction could happen at 1.0551 (50% Fibonacci retracement, 38.2% Fibonacci retracement, multiple swing high resistance), causing price to fall to its support at 1.0488 (61.8% Fibonacci extension, horizontal swing low support). We have also identified another resistance at 1.0573 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (21, 5, 3) is testing its resistance at 94% where a corresponding reaction could occur.
Stochastic (21, 5, 3) is testing its resistance at 94% where a corresponding reaction could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.