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Forex technical analysis: AUDNZD makes a break for it. Well sort of...

Discussion in 'Technical Analysis' started by ForexLive, Jul 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A could more hurdles to more freedom, but they are tough ones I was scanning through some charts and the AUDNZD has some interesting technical dynamics. The pair today is up rather nicely - breaking above the 100 bar MA on the 4-hour chart and the June 24th high at 1.0532. The pair also moved above a couple of topside trend lines that cut across at 1.0510 and 1.0539 respectively (that are the current values). That is the bullish breaking news.

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