AUD/NZD – Heavy resistance ahead

  • 1.13 is a very significant resistance level in AUD/NZD
  • It is the double top of 2014 and the pair hasn’t traded above 1.1302 since November 2013
  • The rally looks overextended and he risk-reward is very attractive, so selling the pair at current levels with a stop at 1.1330ish makes sense


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