Initiated a LONG AUD/NZD trade at 1.0813. Both, technical and fundamental data supports the idea that the pair should resume its upward trend.

Today's solid Australian employment data and China Trade data are providing support for the Australian Dollar.

Also, the pair tested the 1.0760-70 levels, which had been strong resistance until it broke above those levels in early March. The 38.2% Fibonacci retracement level at 1.0753 doubles as support for the pair.
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