Declines on the currency pair AUDNZD which are not hard to notice led the price to the key support at 1.0414. In the past, in this place occurred rebound and particularly dynamic movements. Will it happen this time also?
Looking at the chart and declining system of tops there is a high probability that support will be defeated this time. Movements after subsequent reflections were getting shorter and falls on the way back very dynamic, which also may indicate weakness of area of defense.
Indeed, reflection can occur, but there are indications that it will be only a stop before another decline and effective breaking of level 1.0414. Thus the bullish correction can be used to take short positions / purchase options PUT .
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