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AUDCHF Follows Ascending Trend-Channel

Discussion in 'Technical Analysis' started by Kaitlin, Nov 13, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On short-term chart, AUDCHF is oscillating within an ascending trend-channel formation on daily chart with the upper trend-line near 0.7200 mark acting as immediate resistance. This 0.7200 mark resistance also coincides with 200-day SMA resistance. Hence, a clear break-through this immediate resistance confluence is likely to pave way for extension[​IMG]

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