AUD/NZD hourly stochastic is oversold as price tests the near term trendline support, pointing towards a continuation of an upside correction of the 26th Feb lows down at 1.0389. However, a break of the trendline support will open an advance towards 1.0385 and then 1.0365 support lines ahead of a deeper leg towards 1.0310 and 1.0220 on the wide. A rise to the upside will look to test the descending trend line resistance on the daily sticks located around 1.0450/60 and comes as a possible breakup area where bulls will look ahead to the 38.2% Fibo retracement target of the late 2018 downtrend from 1.1175 – This is located at 1.0568. AUD/NZD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY flashing green despite above-forecast Tokyo CPI FX Street 4 years AUD/NZD hourly stochastic is oversold as price tests the near term trendline support, pointing towards a continuation of an upside correction of the 26th Feb lows down at 1.0389. However, a break of the trendline support will open an advance towards 1.0385 and then 1.0365 support lines ahead of a deeper leg towards 1.0310 and 1.0220 on the wide. A rise to the upside will look to test the descending trend line resistance on the daily sticks located around 1.0450/60 and comes as a possible breakup area where bulls will look ahead to the 38.2% Fibo retracement target… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
