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- AUD/NZD Price Analysis: Last ditch effort from the bears to crack 1.10 the figure, bulls eye fresh highs
AUD/NZD Price Analysis: Last ditch effort from the bears to crack 1.10 the figure, bulls eye fresh highs
- AUD/NZD bears moving in for some last-minute mitigation.
- Bulls are on the lookout for a discount and a daily extension for the days ahead.
As per the prior session's analysis, AUD/NZD Price Analysis: Bulls looking for a fresh surge to the upside, the price was seen higher on the daily outlook, but not until some further downside mitigation of price imbalance, as indicated by the hourly analysis.
AUD/NZD prior analysis
The price has since failed at moving higher, so far, but this could be a phase of reaccumulation. So long as 1.10 the figure holds, the prospects remain bullish, at least in accordance with the daily structure.
AUD/NZD hourly chart
The price is moving in on the 1.10 figure but the bulls would be expected to step in and see off the bears back to resistance near 1.1030.
AUD/NZD daily chart
A break there opens the void towards 1.1060 and onwards as per the daily chart outlook:
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