Breach of important price line imminent by AUDNZD

AUDNZD is moving towards a line of 1.0712 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDNZD continues in its current trajectory, we may see it move towards 1.0712 within the next 4 days.

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