Foxinlondon

AUD/NZD bullish outlook Daily

Long
FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
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)

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