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MaximilianWitte
Feb 20, 2017 7:27 AM

AUDNZD in Consolidation. Underlying Trend is Bullish 

Australian Dollar/New Zealand DollarFXCM

Description

If AUDNZD breaks above the red resistance area, we might see a bullish trend continuation.
If AUDNZD holds at the resistance area, it might continue back to the support area and retest the lows. Because of the underlying bullish trend, it is more likely to reverse back to retest to highs
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