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AUD/NZD still unwinding

STO

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The RBNZ rate call could impact this pair tonight and this could produce another leg lower, with AUD/NZD eyeing the 200 day moving average around 1.0590.


GBP/USD is continuing the trend higher that has been in play for the last two months, with a break above the recent highs of 1.2980 paving the way to target the 38.2% retracement of the post-Brexit slump around 1.3165.


This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audnzd-still-unwinding/?camp=24219
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