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AidanMDang

AUDNZD Continues Downward to Test the .382 Retracement

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Dollar Australia / Dollar New Zealand (OANDA:AUDNZD)  
AidanMDang Diupdate   
OANDA:AUDNZD   Dollar Australia / Dollar New Zealand
Fibonacci Chart Patterns Technical Indicators aud NZD aussie kiwi Relative Strength Index (RSI) Divergence
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fibonacci chartpattern indicator aud nzd aussie kiwi relativestrengthindex divergence
On the Ausisie Kiwi we have a nice opportunity to sell the market targeting the .382 fib retracement of the recent bullish leg. This .382 fibonacci level displays significant confluence with the market structure looking left.

Price reversed off of the .5 fib retracement of the larger leg (zoom out), and with clear bearish RSI divergence, the market has begun a deeper correction to fresh lows.
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AidanMDang
AUDNZD Head & Shoulders, Strong Structure+Fib Confluence Levels
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