Should we expect a bearish trend on AUDNZD?

The breakout of AUDNZD through the 1.0328 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDNZD could test 1.0297 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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