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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 is above major support, time to buy

The price is now above major support at 1.0800 (Fibonacci extension, horizontal support, and bullish divergence) where we expect a bounce up to at least reach the 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above the 3.3% level and also displays bullish divergence vs. the price which signals that a bullish reversal is impending.

Buy above 1.0800. Stop loss is at 1.0760. Take profit is at 1.0896.

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