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$AUDNZD approaching 1.21566 resistance, worth watching
I'm seeing $AUDNZD testing the day's high at 1.21566 again. If it can clear this level convincingly, we could see a push towards 1.2200. My bullish bias would be invalidated on a sustained break below 1.21200.
1 comments · 1 points
That's a key level indeed. Do you think the recent commodity price movements are providing enough tailwind for AUD to push through, or is NZD's relative strength going to cap it?