AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD/NZD looking like a buy-dip proposition

There is still some trend-line resistance close by in the AUD/NZD but the break above 1.1550 suggests that we will see a stronger retracement towards 1.1750 Fibo levels (see chart).

Intra-day I prefer the buy-dip strategy towards 1.1500.

NZ trade data later this morning.

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