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AUDNZD Weekly Technical Analysis | December 13, 2014



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AUDNZD is near to its key support area at 1.0500. This is historical support area. So this is very strong area and good level for buy. If any bullish candle is formed in this support, then we can take buy entry. For buy entry, target will be 1.0800. On the other side, if this pair break this support, then it can get free space for sharp fall. After successful breakout in the down side, this pair can fall for long time.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.0903

Resistance One (R1): 1.0847

Pivot Point: 1.0802

Support One (S1): 1.0746

Support Two (S2): 1.0701


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