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AUDNZD: CAT ON A WALL!! INSTANT RESISTANCE OR IMMEDIATE SUPPORT?

 

 

 

 

The pair AUDNZD marking its price range in the uptrend with a pullback reversal from 1.08527. The pair might target the 1.11175 horizontal resistance to do the justification for the pullback formation. The pair could heighten quotes towards 1.1060 resistance-mark to confirm the hazel-free uptrend.

On a daily basis, if the pair managed the conquer near 1.10818, 1.10850 then the 1.11175 should be the next halt for the price range.
Meanwhile negatively, the 1.08900 can offer the instant support for the price range to reverse the current price trend. In case the reversal happens, the 1.08600, the 1.08259 and the 1.07800 are the important zones for sellers.

Especially, the 1.08259 will be the crucial point for sellers because that the place where price breaking the 5 months ascending trend.

Both sellers and buyers beware of the mentioned zones, plan your trade according to the numbers.

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04 Sep 2018 12:30 pm Posted by tamilforex

 
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