The AUD/NZD pair fell, and is looking like it wants to come back down and retest the 1.32 level. This isn’t so much a statement about the Aussie, as it is simply the massive strength shown by the Kiwi dollar. The pair looks rip for a 150 pip fall or so. Selling is possible, but remember that the first significant support level could be the place to take profits as the trend is still up.
Originally posted here
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