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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 dropped to buying level

As expected, the price has dropped to our buying level of 1.0575 acting as the major support (Fibonacci retracement, horizontal overlap support), and we expect a push up from here.

RSI (34) is on pullback support.

Buy above 1.0575. Place stop loss at 1.0555 and take profit at 1.0635.

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