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AUDUSD: Bearish Reversal May Be Unfolding

Discussion in 'Technical Analysis' started by Kaitlin, Apr 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    AUDUSD has turned down this week, through the support line from 0.7107 which is important indication for a bearish turn especially if we consider that trendline turned into a resistance yesterday. So for now, we see a nice three wave move down, which can either be corrective or impulsive. For[​IMG]

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