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Summary
We are seeing a nice setup on NZDCAD and NZDJPY as it is approaching resistance where we are expecting a drop below this level. AUDNZD dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/AUDNZD/qtnSzKJ2-AUDNZD-approaching-resistance-potential-drop/
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0370 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 1.0341 (38.2% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.0538 (horizontal overlap support). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance , 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.0538 (horizontal overlap support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should […]
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0857 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1.0780 (horizontal overlap support, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. […]
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AUDNZD approaching support, potential bounce!
AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0994 (horizontal overlap resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise […]
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AUDNZD approaching support, potential bounce!
AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price up to our major resistance at 1.0994 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see […]
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AUDNZD approaching resistance, potential bounce!
AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0986 (horizontal overlap resistance, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might […]
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AUDNZD testing resistance, potential drop!
AUDNZD is testing our first resistance at 1.0993 (horizontal overlap resistance, 50%, 76.4% Fibonacci retracement) and a strong might occur below this level pushing price down to our major support at 1.0920 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price. Trading […]
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AUDNZD approaching support, potential bounce!
AUDNZD is approaching our first support at 1.0858 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 1.098 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it […]
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0986 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.0861 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with […]
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AUDNZD approaching resistance, potential drop!
AUDNZD is approaching our first resistance at 1.0986 (horizontal overlap resistance, 100% Fibonacci extension, 50%, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.0858 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our major resistance where […]
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AUDNZD approaching support, potential bounce!
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 […]