A Pullback From A False Break May Offer A Good AUDNZD Range





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A Pullback From A False Break May Offer A Good AUDNZD Range

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11-01-2008, 07:07 PM

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A Pullback From A False Break May Offer A Good AUDNZD Range

We should be suspicious of ranges as clear as the one AUDNZD has experienced â€“ especially when volatility is still so high. Nonetheless, with a proper setup, this pair could yield another strong range reversal. Why Would AUDNZD Stay in a Range? Levels to Watch: -Range Top: 1.1475 (Range High, Fib) -Range Bottom: 1.0875 (Range Low) Volatility is extraordinarily high for AUDNZD, but range extremes have held up very well over the past month. This technical balance has a fundamental counterpoint

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