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Aussie Dollar Ready to Follow the Channel

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Over the past few weeks the Australian Dollar has seen a rollercoaster of reversals as price action has been largely contained within a slowly descending channel. Subsequently, there have been plenty of options for trades as price action bounces between the two extremes. The question remains, as price again nears the top of the channel, will we indeed see a breakout, or the return to a short play. The week ahead is likely to be interesting for technical traders as the Aussie Dollar is

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