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AUD/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/CAD 4H Chart: Channel Up Comment: We hold a bullish outlook on AUD/CAD. The main reason is that the currency pair has formed a high-quality ascending channel, but the market is also net short—62% of traders are bears. The Australian Dollar is expected to rebound from the support trend-line at 0.9860 and extend the ensuing rally up to 1.01. Further advancement in under question because of strong resistance at 1.01, represented by the upper boundary of the pattern and January high. However,

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