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AUDUSD : Intraday View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD has turned nicely to the upside, probably into a new corrective move; ideally into wave 2 that can retrace back to 0.72800-0.7300 area. We can see nice resistance there; former swing low and 50-61.8% retracement level which is ideal for second waves.That said, this region can be interesting for short entries but after a three wave bounce. Fibonacci time levels suggests that pair can turn down tomorrow in late US hours or on Friday during Asian hours. AUDUSD, 1H

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