Short term trend: Weak
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.09844
Kijun-Sen level: 1.09755
Ichimoku cloud top: 1.09469
Ichimoku cloud bottom: 1.0971
- AUD/NZD has broken short-term trend line resistance around 1.099 and is expected to up in the coming days.
- It is expected to go up to 1.1032 (61.8% retracement of 1.100 and 1.0918) and 1.110 (Sep 17th high).
- Minor support is around 1. below will target 1..097/1.096.It is good to buy at dips around 1.098 for the targets of 1.103/1.110.Recommendation: Buy AUD/NZD around 1.0980-9805, SL 1.097 ,Targets 1.103/1.110.
The material has been provided by InstaForex Company – www.instaforex.com