Thursday, October 15, 2026

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Call updates - AUD/NZD targets achieved, book full profits

AUD/NZD call (http://www.econotimes.com/AUD-NZD-Trade-Idea-145280) has achieved both targets, book full profits. Strong resistance is seen at 1.0876 which is both trendline resistance and 61.8% Fib of 1.1087 to 1.0539 fa…

By Jay L. Zagorsky
1 min read
Call updates - AUD/NZD targets achieved, book full profits
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  • AUD/NZD call (http://www.econotimes.com/AUD-NZD-Trade-Idea-145280) has achieved both targets, book full profits.

  • Strong resistance is seen at 1.0876 which is both trendline resistance and 61.8% Fib of 1.1087 to 1.0539 fall.

  • The pair has been trading a falling triangle pattern, and is approaching resistance by triangle top at 1.0876.

  • Price action was rejected at highs by 1.0840, further strength can be seen only on breaks above 1.0876.

  • On the flip-side, close below 50 DMA at 1.0780 can take the pair lower to 1.0630 and then 1.0580 levels.

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By FxWirePro Team