AUD/USD – Bull Speculation: Bull Divergence on the Weekly Timeframe

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading opportunities for currency pair: bull divergence has formed on the weekly and this is a signal to buy Australian. If the Chinese indices and oil continues to rise, an AUD/USD rise to 0.7155 can be considered as part of a general dollar correction. The AO indicator is showing a double bull divergence on the weekly timeframe. If the AUDUSD will strengthen above 0.7155, we can target 0.7325. Growth will cancel with a close of the daily cancel below 0.6826. Background The last Aussie

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