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FXStreet (Barcelona) - The Research Team at SEB, sees further bullish potential for AUD/NZD if the pair breaks above 1.0168, as shared by eFXnews.
Key Quotes
“The rebound from a higher low certainly raises the question whether a double bottom now has been put in lace or now. In the large picture such a development would fit very well as the decline now should be in the very latter stages of the decline from 2011.”
“To maintain short-term positive momentum the market shouldn't back below 1.0069. Breaking above 1.0168 will enhance a bullish case.”
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