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francesgurton

AUD/NZD - Long

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
francesgurton  
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD chartanalysis Technical Analysis retestandbreakout Ascending Channel Fibonacci Retracement
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trendanalysis chartpattern indicator audnzd chartanalysis technicalanalysis retestandbreakout ascendingchannel fibonacciretracement
AUDNZD is resting a key level of previous resistance on the daily time frame.

A closer look on the 4H chart shows price hovering around a key 61.8% Fibonacci level.
We can see some nice bullish confluence on the 4H chart for a potential entry:

-Support on the trendline
-In line with the current uptrend and 200 day EMA
- Confluence among indicators
-Potential retest of previous key resistance level
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