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FX.co ★ AUDNZD right at major resistance, time to start selling

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Forex Analysis:::2016-09-26T02:51:45

AUDNZD right at major resistance, time to start selling

Price is now on major resistance at 1.0550 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction from and a drop to 1.0410.

Stochastics (21,3,3) is right on resistance at 93% too where we expect a similar bearish reaction.

Sell below 1.0550. Stop loss is at 1.0630. Take profit is at 1.0410

AUDNZD right at major resistance, time to start selling

Analyst InstaForex
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