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FX.co ★ AUDNZD above ascending trendline support! Further rise incoming!

AUDNZD above ascending trendline support! Further rise incoming!

 AUDNZD above ascending trendline support! Further rise incoming!

Price holding above ascending trendline support and moving average support. A further push up above 1st support at 1.06626 towards 1st resistance at 1.06906 can be expected.

Trading Recommendation

Entry: 1.06626

Reason for Entry:

38.2% Fibonacci retracement, ascending trendline support

Take Profit: 1.06906

Reason for Take Profit:

-61.8% and 50% Fibonacci retracement

Stop Loss: 1.06479

Reason for Stop Loss:

23.6% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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