• AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.1132 (horizontal overlap resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.08659 (horizontal swing low support, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is approaching resistance where a reaction below […]

  • AUDNZD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0946 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where price might drop to its support at 1.0885 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support). Stochastic (34,5,3) is approaching its resistance where we might see a corresponding drop in price should […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first support at 1.0894 (horizontal overlap support) and a breakout might occur below this level pushing price down to our major support at 1.0830 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0957 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.0775 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance we might see a […]

  • AUDNZD approaching support, potential bounce!

    Price is approaching our first support at 1.0775 (horizontal overlap support, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0953 (horizontal swing high resistance, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.0899 (horizontal swing high resistance, 78.6% Fibonacci retracement) might […]

  • AUDNZD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0779 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might occur below this level pushing price down to our major support at 1.0602 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at […]

  • AUDNZD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0779 (Horizontal pullback resistance, 38.2%, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.0666 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching its resistance and a reaction off this […]

  • AUDNZD approaching support, potential bounce!

    Price is approaching our first support at 1.0666 (horizontal overlap support, 61.8% Fibonacci retracement) where price might rise up to our major resistance at 1.0779 (horizontal pullback resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.0747 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) might provide […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0842 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.066 (horizontal overlap support, 50% Fibonacci retracement). A breakout below our intermediate support at 1.075 (horizontal pullback support, 23.6% , 50% Fibonacci retracement) […]

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0671 (horizontal overlap support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.0794 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure, in line with our […]

  • AUDNZD is approaching support, potential bounce!

    AUDNZD broke out of our long term descending resistance-turned-support line and is approaching our first support at 1.0671 (horizontal pullback support, breakout level) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.0764 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also […]

  • AUDNZD is approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0671 (horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.0603 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level […]

  • AUDNZD testing resistance, potential drop!

    Price is testing our major resistance at 1.0658 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.0554 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.0606 (horizontal overlap support, 23.6% Fibonacci […]

  • AUDNZD is approaching resistance, potential drop!

    AUDNZD is approaching our first major resistance at 1.060 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support level at 1.0489 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 1.0554 (horizontal overlap support, 38.2% […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0636 (horizontal overlap resistance, 50% Fibonacci retracement) which coincides with the short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 1.0556 (horizontal swing low support). A breakout of our intermediate support at 1.0596 (horizontal swing low […]