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AUDUSD Momentum Candle Suggests More Bears To Come

Discussion in 'Technical Analysis' started by Kaitlin, May 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Surprising RBA decision to cut rates on Tuesday made the market tumble. It is clear that RBA is not happy with the current AUD rate so it wants its currency to be weaker. Investors should probably look to exit from any longs and based on RBA decision the bias should[​IMG]

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