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Australian Dollar / New Zealand Dollar

WAIT FOR BREAKOUT

By Dragon_Investments
AUDNZD is trading under 50sma in H4 chart, a sort of double bottom has been formed (It is exactly a bottom failure swing), I suggest waiting for a breakout of the small resistance in order o open a long trade; RSI must have broken level of 50 before considering the opening of a long position. If price does not manage to break resistance we will wait and we will expect new lows before buying.
Pay attention this evening at the news about NZ GDP
doublebottomreversalDouble Top or BottomfailureSupport and Resistance

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