Support Level

The Australian New Zealand Dollar has reversed after a divergence and is now reaching the 200 MA and Fib 50 level. We are also hitting a time line so a reversal maybe on the cards. Watch for a break below these support levels for a continuation and further weakness. Alternatively, watch the candle for a reversal for a long position.


Chart courtesy of Advanced Get. Data provided by eSignal.

Have a good weekend.

FXCPS Team