AUDNZD Approaching Resistance, Potential Reversal
AUDNZD is approaching its resistance at 1.09008 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.08593 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
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