AUD/NZD Possible LONG position

The market has just tested the strong support at 1.0550, again.

This support hasn't been broken since April 2020.

Chances are that the price well be rejected again in the next few weeks and retest the previous resistance at around 1.1047.

There are over 400 pips between now and the target level, however there is an important resistance line in between at around 1.082, so manage your SL accordingly.


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