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AUDNZD - SELL - DESCENDING WEDGE

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Dolar Australia / Dolar New Zealand (FX:AUDNZD)  
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FX:AUDNZD   Dolar Australia / Dolar New Zealand
Wedge Support and Resistance Fibonacci AUDNZD Relative Strength Index (RSI) Divergence Forex fx
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wedgepattern supportandresistance fibonacci audnzd relativestrengthindex divergence forex fx
1, Falling Wedge
2, RSI Divergence
3, Monthly Support Level

TARGETS BASED ON FIB CLUSTERED CONFLUENCE WITH PREVIOUS STRUCTURE
Komen:
Aussie Weighted Average (Relative S/W) - As you can see the strength and weakness of both currency pairs correlates perfectly well with the technical analysis on the chart - Aussie just broke the descending wedge and is also on a support level

snapshot
Komen:
NZD Weighted Average (Relative S/W) - Kiwi on the other hand has formed an ascending wedge and is within an important monthly resistance area which indicates to me that it is due to fall.....

snapshot
Komen:
FOR YOUR INFORMATION - IT SAYS SELL - BUT THIS IS IN FACT A BUY - TYPO MISTAKE. MY APOLOGIES.
Komen:
TP1
Penafian

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