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AUDUSD tests trend line on hourly

Discussion in 'Technical Analysis' started by ForexLive, Sep 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Does not like lower stocks The AUDUSD fell again as it is a risk off trade for that pair when stocks seem wobbly. Technically, the pairs fall after the employment report, went down and looked over an edge against a lower trend line on the hourly chart (see chart below). Shorts seemed to have come in against the level (risk low) and taken some profit on the test.

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