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Technical Analysis

Big movement possible on AUDNZD

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AUDNZD has broken through a line of 1.1075 and suggests a possible movement to 1.1037 within the next 2 days. It has tested this line numerous times in the past, so one should wait for confirmation of this breakout before taking any action. If the breakout doesn't confirm, we could see a retracement back to lines seen in the last 10 days.

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