AUD/NZD right on major support, turn bullish.

Price is right on major support at 1.0400 (2x Fibonacci projection) which gives us confidence to see a rise to at least 1.0475 resistance (overlap resistance, Fibonacci retracement).

RSI (34) is also seeing major support and displays bullish divergence vs recent price movement.

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Buy above 1.0400. Stop loss is at 1.0375. Take profit is at 1.0475

The material has been provided by InstaForex Company – www.instaforex.com

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