It’s a Decisive Day for AUDNZD. Will the Bulls Breach the Resistance?

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It is possible that at the moment we see a slow market decline in the direction of the lower bound of the green channel and the support level of 1.062. However, it is unlikely that the price will quickly fall to this level. Most likely, we will see the movement in a complex corrective form. It should be noted that if the moving average is broken above, near the resistance level of 1.0733, the bulls will open the way to the upper bound of the yellow channel and the resistance of 1.0873.

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