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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 approaching support, potential bounce!

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Price is approaching its support where it could potentially bounce up to its resistance.

Entry : 1.0515

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance

Stop Loss : 1.0454

Why it's good : 100% Fibonacci extension

Take Profit : 1.0587

Why it's good : Horizontal swing high resistance

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