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Short

AUD/NZD Short term outlook

FX:AUDNZD   Australian Dollar / New Zealand Dollar
127 0 1
Intraday Bias –Weak.

AUD/NZD             has broken major support 1.0410 (200 day HMA ) and also trading below ichimoku (Tenken-Sen and Kijun-Sen). Overall trend is weak and decline till 1.028 cannot be ruled out.

The pair’s is facing minor resistance around 1.0438 and any intraday trend reversal can happen only above that level.
Indicators (1 Hour chart)

CCI (50) – Sell

CCI (14) – Sell

Ichimoku- Sell

Recommendations: Sell AUD/NZD             around 1.0385, SL 1.0438, Target 1.0285.
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