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AUDUSD broke 200 day MA yesterday. Moves toward next key target today.

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Double top at 0.7381/85 area The AUDUSD broke above the 200 day MA yesterday at 0.7256. Today a topside trend line was breached at 0.7350. For longs, that is a risk level below. The next target is another key level which should/is soliciting attention. The level corresponds with the highs from October and November. The high today stalled at 0.7373. Be aware.

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