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BenCheungFx
Jan 26, 2020 8:20 AM

AUDNZD LONG POSITION 2:1 Long

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD Recently broke out of a channel that was moving for a very very long period. Now that it broke, price is coming towards a long term support zone in which it is being rejected so we are granted with a 2:1 RR position.

I personally still think there could be some more downward pressure so remember, react and not predict.

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