Following my previous analysis AUDNZD reached the first
upside target at 38.2% Fibs (1.0370). No signs of a downtrend continuation can
be seen at this point and therefore the corrective wave up is likely to
continue, although to secure the profit stop loss could be moved to break even.
Consider holding long positions till the next target at 50%
Fibs (1.0440) with a stop loss just below the 1.0300.
Support: 1.0280
Resistance: 1.0370, 1.0440, 1.0510
The material has been provided by InstaForex Company – www.instaforex.com
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