AUD/NZD profit target reached, remain bullish

By | January 27, 2017

Cost has lastly bounced above our assistance and reached our revenue target perfectly. We remain bullish above 1.0385 support(Fibonacci retracement, swing low assistance) for a rise 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 revenue at 1.0352. The material has been supplied by InstaForex Business – www.instaforex.com

Jonathon Alexander