AUD/NZD finds Fibonacci Resistance

Tuesday, 25/04/2017 | 07:54 GMT

Disclaimer

AUD/NZD rallied last night but has stalled at the 23.6% retracement of the September ’16 – March ’17 rally. A break above 1.0825 would open the way for a move to 1.1000.

USD/CHF looking at further pressure on the downside, with the pair having failed to break above the 100 hour moving average. Look for support at recent lows around 0.9910.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audnzd-finds-fibonacci-resistance

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