AUD/NZD
After having cleared a resistance at 1,3030 last week, the cross has started a sharp conolidation but slightly bounced last night on a potential short term support at 1,2911 (short term support line). A break above 1,30 today would strnghten this rebound and would trigger a return to the recent high at 1,3088 before an extension of the recovery with a first target at 1,3232. Breaking below 1,2911 would invalidate thius scenario and would prolong the correction toward 1,28 then 1,2675. Buy (stop @ 1,2910 – target @ 1,3087).
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NATIXIS