AUDNZD Broke key support. Downtrend in motion

Short

Australian Dollar / New Zealand Dollar (FX:AUDNZD)

FX:AUDNZD Australian Dollar / New Zealand Dollar

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AUDNZD broke a key support level AND a key resistance level. Looks to be continuing the downtrend. The pair is up on the day. Waiting until the pair hits the previous resistance level to determine if it will be rejected or break through. If rejected, SL will be above resistance and slightly above trend line, and a move to the support level will be in play...

-StampsFX
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