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AUD Sets Up for an Impulse Wave Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The last few days have been relatively lack lustre for the Australian Dollar as the pair has largely entered a sideways consolidation pattern. In fact, even a stronger than expected labour market result, which saw Australian unemployment decline from 5.8% to 5.7%, failed to buoy the pair. The question therefore remains as to what next for the venerable pair given the lack of a strong trend direction. Taking a look at both the daily and weekly charts provides for some illuminating study of the

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