ThinkForex - Analytics

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AUDNZD gaps down before RBA Cash Rate decision

To follow up from previous analysis we suspect we have seen a bearish confirmation for a triangle / pennant pattern as we approach the RBA rate decision and election results. 

 

Resistance 3:   1.0576 09/06 high, lower bound of gap
Resistance 2:   1.0526 24/06 high, monthly pivot, 20 eMA
Resistance 1:   1.0450 Pivotal S/R
AUDNZD:   1.0436  
Support 1:   1.0345 Pivotal S/R
Support 2:   1.0322 Monthly S1, Weekly S2
Support 3:   1.0222 Pivotal S/R


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