AUD/NZD surpassed strong resistance, time to start buying - Forex247

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Thursday, October 6, 2016

AUD/NZD surpassed strong resistance, time to start buying

The price has broken significant resistance at 1.0570 which opens the way up to 1.0675. Our stop loss is at 1.0510 which is the last swing low.

RSI (21) has made a bullish exit signalling that a bullish move is in progress.

Buy above 1.0590. Place stop loss at 1.0510 and take profit at 1.0675.

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

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