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AUDNZD approaching resistance, potential drop!

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Tickmill Broker  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDNZD audnzdshort audnzdlong Bitcoin (Cryptocurrency) Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audnzd audnzdshort audnzdlong bitcoin forex forextrading forexsignals
AUDNZD is approaching our first resistance at 1.0670 (23.6% Fibonacci retracement, horizontal overlap support, 61.8% Fibonacci extension). A strong reaction could occur at this level pushing price down to our major support at 1.0636 (horizontal swing low support, 100% Fibonacci extension).

RSI (21) is also approaching its major descending resistance line and we might see a corresponding drop in price should it react off this level.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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