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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/NZD right on major support, turn bullish.

Price is right on major support at 1.0400 (2x Fibonacci projection) which gives us confidence to see a rise to at least 1.0475 resistance (overlap resistance, Fibonacci retracement).

RSI (34) is also seeing major support and displays bullish divergence vs recent price movement.

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Buy above 1.0400. Stop loss is at 1.0375. Take profit is at 1.0475

The material has been provided by InstaForex Company - www.instaforex.com