Technician
Short

AUD & NZD Fail at resistance! #forex #AUDUSD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1367 1 26
Simple Charts point to a potential setback for commodity currencies over the coming weeks.
Last week's retest of previous broken key levels and rejection confirmed resistance is holding. Downside and short positions remain favored in my view, as long as those resistance levels are holding.

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Looking at longer term weekly levels is always useful and provide very good trading opportunities.
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