AUD/NZD Technical Analysis for July 20, 2011
AUD/NZD fell hard on Tuesday, but managed a bounce towards the end of the day as traders came into the market to support it. The truth is that the 1.25 level has been defended, and we might see a bounce from here. This will only be a chance to sell this pair again unless we find ourselves back above the 1.32 at some point. Until that area is broken to the upside, we like selling rallies.
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