AUD/NZD bullish above strong support - Forex247

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Thursday, January 26, 2017

AUD/NZD bullish above strong support

We turn bullish one last time above 1.0356 support (Fibonacci projection, major swing low support, bullish candlestick reversal) for a push up to 1.0426 (Fibonacci retracement, recent swing high resistance).

RSI (34) is seeing strong support above 31%.

Stochastic (21,5,3,) is bouncing above support at 6%.

Buy above 1.0356. Stop loss at 1.0337. Take profit at 1.0426.

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


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