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AUDNZD recently broke the key support level 1.03600 (which stopped the previous(a)-wave of the active sharp upward ABC correction 2 from the start of November). The breakout of the support level 1.03600 strengthened the bearish pressure on this currency pair.With the moderate bullish sentiment affecting New Zealand dollar, AUDNZD is likely to fall further toward the next powerful support level 1.02700 (multi-month low from August and the target for the completion of the active impulse wave(c)).
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