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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 remain bearish below major resistance

We remain bearish looking to sell on strength below 1.0494 resistance (horizontal swing high resistance, Fibonacci projection) for a push down to 1.0418 (Fibonacci retracement, horizontal overlap support).

RSI (34) is seeing major resistance below the 56% level and is displaying bearish divergence vs price.

Sell below 1.0494. Stop loss at 1.0520. Take profit at 1.0418.

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