Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

AUD/NZD Reversed Off Resistance, Prepare For Further Drop!

August 2, 2018 Analytics

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AUD/NZD reversed off its resistance at 1.0915 (61.8% Fibonacci extension, 76.4% & 50% & 50% Fibonacci retracement) where it is expected to drop further to its support at 1.0857 (100% Fibonacci extension, horizontal swing low support).

Stochastic (34, 5, 3) reversed off its resistance at 89% where a corresponding drop is expected.

AUD/NZD reversed off its resistance where we expect to see a further drop.

Sell below 1.0915. Stop loss at 1.0944. Take profit at 1.0857.

analytics5b618349718ec.png

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

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