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AUDNZD currency pair recently reversed up sharply from the combined support zone located between the key support level 1.06400 (low of wave (ii) from February), lower daily Bollinger Band and the 61.8% Fibonacci correction of the intermediate ABC correction (2) from December to March. Given the strength of the aforementioned support zone – AUDNZD currency pair can be expected to rise further toward the next resistance level 1.07000 (former powerful support from March, April and May).
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