AUDNZD Hits first target
The AUDNZD long from May 5th hit first target overnight and half the trade closed for +700 pips. The pair is now at a significant resistance line that acted as support way back in Nov 2013 and resistance in 2014. I will hold long but I am watching carefully, RSI is overbought which adds to the likely hood of a pullback. Should the resistance break I will consider increasing the trade on a close above 1.14.
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