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AUDUSD-recovery attempts remain limited at 0.6955 for now

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro shows no significant changes in the near-term, trading within initial 1.0800/1.0980 range, as yesterday’s rally was rejected just under range top. The pair remains within daily Ichimoku cloud, spanned between 1.0783 and 1.1006 and break out of the cloud is needed to signal fresh direction. Neutral tone dominates on daily studies, while technicals on lower timeframes are mixed that supports scenario of prolonged sideways trading. Lows of yesterday and 19 Jan at 1.0867/58, mark

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