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AUDNZD Testing Support, Prepare For A Bounce!

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Dólar Australiano/Dólar Neo-Zelandês (FX:AUDNZD)  
theforexarmy  
FX:AUDNZD   Dólar Australiano/Dólar Neo-Zelandês
Trend Analysis Harmonic Patterns Chart Patterns AUDNZD aud NZD audnzdlong Forex forexsignals
3
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trendanalysis harmonicpatterns chartpattern audnzd aud nzd audnzdlong forex forexsignals
Buy above 1.0988.
Stop loss at 1.0906.
Take profit at 1.1162.
Reason for the trading strategy (technically):
AUDNZD is approaching its support at 1.0988 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 1.1162 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 7.27% where a corresponding bounce is expected.
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