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The AUDNZD is in a downtrend on the daily chart. Price has found support has been moving higher in the last few days. Price Action traders could be looking for logical areas to short to get in line with the trend.
The chart below shows a very logical area that traders could look for Price Action top confirm a trade should they get it. This area is old support which would look to hold as new resistance and also the 50% fibonacci from the last swing point.
AUDNZD DAILY CHART
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