AUD/NZD above major support, time to buy

Price dropped perfectly to our profit target yesterday. We now play a bounce up from here above major support at 1.0650 (Fibonacci retracement, Fibonacci projection, horizontal support) for a push up to 1.0712.

Stochastic (34,5,3) is right on major support at 4%.

Buy above 1.0650. Stop loss at 1.0610. Take profit at 1.0712.

The material has been provided by InstaForex Company - www.instaforex.com

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