AUDNZD holding above ascending trendline support. A further push up above 50% Fibonacci retracement and 1st support at 1.07765 towards -27.2% Fibonacci retracement level and 1st resistance at 1.07998 could be possible. Stochastic is reacting above support where price bounced in the past as well.
Reason for Entry:
50% Fibonacci retracement, ascending trendline support
Take Profit: 1.07998
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 1.07670
Reason for Stop Loss:
Graphical swing low support
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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