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FxWirePro: Kiwi erases previous gain against Aussie, remains well supported above 1.08

Tuesday, May 10, 2016 5:42 AM UTC

AUD/NZD is trading around 1.0870 marks.
Pair made intraday high at 1.0872 and low at 1.0795 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0833 marks.
A daily close below 1.0819 will take the parity down towards 1.0735/1.0651 marks respectively.
On the other side, a sustained close above 1.0927 will drag the parity higher towards 1.0976/1.1062/1.1123/1.1298/1.1317 levels.

We prefer to take short position in AUD/NZD at 1.0886, stop loss 1.0938 and target 1.0735 marks.

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FxWirePro: Kiwi erases previous gain against Aussie, remains well supported above 1.08

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