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AUDUSD returns to key m/t support at 0.6906, signalling an end of multi-month consolidation

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro regained traction and returned above daily 20SMA / bear-channel resistance at 1.0890 zone, after pullback from week’s high at 1.0867, found support at 1.08 zone, where higher base has formed. Near-term studies turned into bullish mode and favor attack at 1.0940/67 pivots. However, daily technicals show mixed setup and sustain break above 1.0940/67, tops of near-term congestion, is needed to confirm bullish resumption towards key barriers at 1.1006/42, daily Ichimoku cloud top /

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