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23.06.2016 05:09 AM
AUD/NZD trading recommendation for 23rd June 2016

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The key idea here is to wait for the price to make a push down to the 1.0450 level, which is a beautiful graphical support, and this would correspond with the ascending support seen on the RSI, too. From there, we can take a long position for a rise to 1.0500 first before 1.0550.

Trading recommendations:

Buy at 1.0450

Stop loss at 1.0400

Take profit at 1.0550

Dean Leo,
Analytical expert of InstaForex
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