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09.01.2024 06:47 AM
Technical Analysis of Daily Price Movement of AUD/NZD Cross Currency Pairs, Tuesday January 09, 2023.

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If we pay attention to the daily chart of the AUD/NZD Cross Currency, the condition of the Stochastic Oscillator indicator is at the level of Oversold and has a hidden deviation with the current price movement so that based on this fact, in the next few days AUD/NZD has the potential to experience strengthening in the future, especially if the level The Bullish Fair Value Gap (Cyan) area functions as a level of support that is strong enough so that AUD/NZD does not fall down to be below the level of 1,0679 so if this happens then the currency pair will re -strengthen appreciated up to 1,0809 as the main target and 1,0879 level as the next target to be aimed.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2025
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