AUDNZD is breaking above the 1.1100
AUDNZD is breaking above the strong consolidation resistance 1.1100. This could mark the end of a five years long consolidation bottom range between 1.0100 and 1.1000. We have seen a decisive break above this consolidation resistance being pushed by the persistent NZD weakness much more intense than the AUD one. The measured consolidation breakout target could be around 1.2000
Note: look for the long trade entries with the stop loss below 1.1500
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