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AUD/CHF 4H Chart: Rising Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    NZD/USD 1H Chart: Descending Triangle Comment: The outlook for NZD/USD is strongly bearish. While the resistance trend-line is expected to remain intact, the support level at 0.65 is likely to give in under the selling pressure, despite being reinforced by the weekly S1. This will pave the way for a prolonged decline, as there are no significant demand areas until 0.6240, namely September low. The near-term focus, however, will be on the weekly pivot points at 0.6458 and 0.6414. Alternatively,

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