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Australian Dollar / New Zealand Dollar
Short

AUDNZD Waiting patiently for that sell

By TradingShot
The AUDNZD pair gave us the ultimate sell signal last time (July 11, see chart below) on the 0.786 Fibonacci Channel level and easily hit our long-term 1.08000 Target:

AUDNZD Two levels to sell for the long-term.


The recent 3-week rebound on its 1W MA200 (orange trend-line) is giving us another chance to open another low risk sell on the 0.618 Fibonacci level, similar to all previous Arc tops. Our Target will be the 0.236 Fib at 1.07900, which has been the most usual Support since 2023.

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