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AUDNZD reacted off its resistance, potential to drop further!

Por ICmarkets
Corretora
AUDNZD reacted off its resistance at 1.0638 (50% Fibonacci retracement, horizontal overlap resistance, descending resistance line) where it could potentially drop to its 1st support at 1.0595 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). If it breaks past this level, it could fall to its 2nd support at 1.0558 (horizontal swing low support). We have also identified another resistance at 1.0666 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance).

Ichimoku cloud is showing signs of bearish pressure.
audAUDNZDaudnzdshortBitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsNZDTrend AnalysisUSD
ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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