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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/NZD profit target reached, remain bullish

Price has finally bounced above our support and reached our profit target perfectly. We remain bullish above 1.0385 support (Fibonacci retracement, swing low support) for a push up to 1.0438 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34) is bouncing above our 31% support level.

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

Buy above 1.0385. Stop loss at 1.0438. Take profit at 1.0352.

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