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AUDUSD Fails To Clear Resistance Confluence

Discussion in 'Technical Analysis' started by Kaitlin, Feb 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Irrespective of the AUDUSD's seven week old ascending trend-channel, which recently propelled the pair to test near two month highs, the 0.7260-80 resistance confluence, encompassing 200-day SMA and the seven month old descending trend-line, held its further upside captive. The pair seems presently witnessing pullbacks toward 0.7140 immediate support, including[​IMG]

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