Friday, May 30, 2014

AUDNZD: Major Breakout Leading into a Data-Heavy Week

Earlier this week, my colleague Chris Tedder highlighted a critical resistance barrier in lower-1.0900s on AUD/NZD (see “Is AUDNZD Strong Enough to Break through a Very Tough Resistance Zone?” for more). As Chris noted, “each [previous] attempt [to break that resistance zone] was meet by waves of sellers when price



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