FX.co ★ Technical analysis of AUD/NZD for October 25, 2016

Today AUD/NZD broke above the descending channel after rejecting 200 and then 50-Moving Averages. Fibonacci applied to the channel breakout point shows potential upside targets. While there is small correction downб consider selling AUD/NZD at the current rate 1.0676 targeting either 23.6% (1.0708) or 0% Fibs (1.0745). Stop loss should be just below the 61.8% Fibs support (1.0648).

Support: 1.0666, 1.0648