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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, Prepare For A Bounce

AUD/NZD is approaching its support at 1.0781 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where we expect price to bounce and rise to its resistance at 1.0897 (61.8% Fibonacci extension, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 5.9% where a corresponding bounce is expected.

Buy above 1.0781. Stop loss 1.0715. Take profit at 1.0897.

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