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The AUDNZD has fired off a Bearish Engulfing Bar (BEEB) on the 4hr chart. This BEEB is from a swing high and previous support which has now held as resistance.
If price can break lower price could cruise on lower to test the recent lows around 1.2680. If however price goes higher a new up-trend could be in the making.
AUDNZD 4HR CHART
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