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AUDUSD: Downtrend Can Slow Down

Discussion in 'Technical Analysis' started by Kaitlin, Jan 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Another leg down last week from 0.7050 is most-likely wave 5) within extended blue wave 3 that is now in final stages. Notice that price is trading close to important Fibonacci projection area while we see a divergence on the RSI. That said, sooner or later new turn up may[​IMG]

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