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AUDNZD 60 Minute Chart analysis

Wednesday, November 2, 2016 19:55
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Hello traders good to be back with you…Just a comment traders we do not have to trade this market as the U.S. elections has made a significant play in price action and we have NFP this Friday. OK with that said let us look at this AUDNZD pair as I found it so interesting. We had a nice sell off after the Kiwi had very good data this week. I like this trade for a nice pullback to the Fibonacci level of the 38.2 at the price of 1.0566, traders remember this is a zone and we will look for a bearish candle formation and enter the trade. I am looking to take profit at the 1.0490 at the support level. I like this trade I will take the entry on a demo account and see how it works this week.

Thank you traders and we will talk soon…..William


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