The AUD/NZD pair fell again today, breaking the important 1.34 level, and signaling a larger sell off. The pair now looks very weak for the short –term. Of course, it is in a massive uptrend, so selling should be done with caution. Support could come into play at 1.32 and 1.30 as well. There is no real buying signal at the moment. Patient traders can wait until we test and prove one of the support areas to buy.
Originally posted here
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