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AUDNZD Head & Shoulders Idea Still Holding

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Dollar Australia / Dollar New Zealand (FX:AUDNZD)  
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FX:AUDNZD   Dollar Australia / Dollar New Zealand
AUDNZD LONG buy Head and Shoulders neckline priceaction
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audnzd long buy headandshoulders neckline priceaction
Just as I predicted earlier last week, AUDNZD went down to the 1.04 area to complete the second shoulder of this inverted formation. Now it will likely be heading up to the 1.07 area to the neckline resistance, and hopefully, even more past that.

I suppose a buy order would work when markets open, with a target just below 1.07, so like 1.0685.

Overall, I am bullish on this pair.

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