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AUD/NZD Outlook: Cross Maintains Positive Near-Term Tone

AUD/NZD Outlook: Cross Maintains Positive Near-Term Tone

AUD/NZD

The cross maintains positive near-term tone, with hourly studies being positively aligned and price trending higher off 1.1254, 03/10 higher low. The ascend approaches psychological 1.1400 barrier, a break of which and 1.1421/29, 02/10 high and near-term congestion top. Also, a 50% retracement of 1.1655/1.1203 is required to establish fresh bulls, as a part of recovery attempt from 1.1200 base. Positive 4-hour studies support the notion. Resistance: 1.1391; 1.1400; 1.1421; 1.1429

Support: 1.1346; 1.1318; 1.1300; 1.1264

AUD/NZD Hour Chart” title=”AUD/NZD Hour Chart” width=”800″ height=”400″ src=”https://d1-invdn-com.akamaized.net/content/pic2699262d21613d02c33ecdd1c5c0bbd9.png” />

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