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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 testing key support, potential to see a bounce!

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Price is testing its major support at 1.0543 where it could potentially bounce up to its resistance at 1.0604.

Entry : 1.0543

Why it's good : horizontal overlap support, 61.8% fibonacci extension, 38.2% Fibonacci retracement

Stop Loss : 1.0497

Why it's good : 61.8% fibonacci extension

Take Profit : 1.0604

Why it's good : 38.2% Fibonacci retracement, horizontal swing high resistance

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