AUDNZD Bounced Off Support, Prepare For Further Rise!
Buy above 1.0841.
Stop loss 1.0785.
Take profit at 1.0922.
Reason for the trading strategy (technically):
AUDNZD bounced off its support at 1.0841 (61.8%, 100%, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it is expected to rise to its resistance at 1.0922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its supporty at 4.4% where a corresponding rise is expected.
Stop loss 1.0785.
Take profit at 1.0922.
Reason for the trading strategy (technically):
AUDNZD bounced off its support at 1.0841 (61.8%, 100%, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it is expected to rise to its resistance at 1.0922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its supporty at 4.4% where a corresponding rise is expected.