AUD/NZD remain bullish above major support - Forex247

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Thursday, April 13, 2017

AUD/NZD remain bullish above major support

We remain bullish above 1.0766 major support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 3.3% and also bullish divergence vs price signalling that a bounce is impending.

Buy above 1.0766. Stop loss at 1.0695. Take profit at 1.0896.

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