As such, the AUD/NZD has paid little attention to moving averages lately, though the tightening trading ranges have chartists drawing wedges. As ever trend lines can be drawn over various timeframes but many have noted 1.2470/90 as near term support and again around 1.2400/20. On the top side, 1.2670 should be trend line resistance while 1.2700 was very hard work in late December.
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