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On the whole AUD/NZD is in a long-term down-trend; however, recently it has proved to have insufficient bearish momentum in order to pierce through the support at 1.1636, attempting to breach it since Jul 3. With each try the currency pair rebounded, but was frequently capped by the resistance line at 1.1748.
Concerning technical indicators, more of them give ‘sell' signals than the ‘buy' ones. Nevertheless, an overwhelming majority (72%) of SWFX marketplace participants believe the Australian Dollar is to appreciate, as they are holding long positions.
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