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AUDNZD is turning down now from projected 61,8% Fibo. retracement and strong 1.11-1.12 resistance area for wave (B). It’s now trying to continue lower out of a bear flag and ahead of Australian CPI inflation data this week. The number below 3.4% should be interesting for bears within a higher degree wave (C), especially if breaks below 1.0735 bearish confirmation level, just watch out on short-term pullbacks.

AUDNZD Daily Chart

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