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FX.co ★ AUD/NZD dropped to buying level

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Forex Analysis:::2016-10-07T12:11:17

AUD/NZD dropped to buying level

As expected, the price has dropped to our buying level of 1.0575 acting as the major support (Fibonacci retracement, horizontal overlap support), and we expect a push up from here.

RSI (34) is on pullback support.

Buy above 1.0575. Place stop loss at 1.0555 and take profit at 1.0635.

AUD/NZD dropped to buying level

Analyst InstaForex
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