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Aussie / Kiwi Cross Long Term Support
Friday, 24 October 2008 20:02:36 GMT
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The 1.05 area is significant support for the AUDNZD and has been since the late 1980s. In the summer of this year, the AUDNZD surged through a long term resistance line, but the break proved false. Now testing 1.05, the pair is nearing a breaking point. A long term direction will eventually be established; with a break above the trendline or a break below 1.05.
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