Chart Of The Day: AUD/NZD

AUD/NZD was our chart of the day last week, on Dec. 8, before the inverted head-and-shoulder pattern played out. But today, we are capped by the 200-day moving average for the second day in a row. This means dips back to the neckline at 1.0570 should find buyers now. The target for the inverted head-and-shoulder pattern still should target the 1.0725 level eventually.

AUD/NZD Daily Chart.

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