Buy above 1.0600. Stop loss at 1.0550. Take profit at 1.0745.
Reason for the trading strategy (technically) :
Price continues to drop towards our buying level of 1.0600. Today we look to buy on dips at 1.0600 support (Fibonacci retracement, Elliott Wave structure) for a bounce up to 1.0745 major resistance again.
RSI (34) has made a bullish exit of its descending resistance-turned-support line signaling a rise is in progress.
Reason for the trading strategy (technically) :
Price continues to drop towards our buying level of 1.0600. Today we look to buy on dips at 1.0600 support (Fibonacci retracement, Elliott Wave structure) for a bounce up to 1.0745 major resistance again.
RSI (34) has made a bullish exit of its descending resistance-turned-support line signaling a rise is in progress.
AUDNZD reaching our buying level, remain bullish
