AUD/NZD bullish outlook Daily
1.05 - key resistance level
Bullish outcome:
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to 1.036 (78.6% Fibs)
Bullish outcome:
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to 1.036 (78.6% Fibs)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.