Chart Of The Day: AUD/NZD

AUD/NZD completed the AB=CD from the highs above the 1.1000 level to below the 1.0750 level. However, we may be ready to bounce back to the 50-day moving average near the 1.0850 level now that we hit the confluence of support at the AB=CD completion and 61.8% Fibonacci retracement level of the July lows to August highs and 161% extension of the early September lows to Sept. 10 highs. 1.0720 should contain any dips in price near term now.

AUD/NZD Daily Chart.

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