AUDNZD: The Price Reversal from Support
2020-01-03 16:04:17
The price bounces from the support zone at 1.04000 level. RSI confirmed the price reversal. MACD supports a possible upward movement. If the price breaks the local downtrend line, it will give us a buy opportunity. Stop orders must be placed below the support zone and the local swing low. Profit targets should be at SMAs with 200 and 500 periods.