Audnzd is testing its resistance at 1.0539 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a reversal to its support at 1.0454 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) is expected. Stochastic (89, 5, 3) has reversed off its resistance where a corresponding drop is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
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