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CAD/CHF 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/AUD 4H Chart: Channel Up Comment: GBP/AUD is about to test the lower boundary of the channel it has been forming since the first half of October. The base scenario is a rebound from 2.14, where we also have the monthly PP and 200-period SMA. The ensuing rally should pierce through the November 1 high and move towards the upper trend-line. Alternatively, in case demand at 2.14 is insufficient to start a rally, the current sell-off will likely extend down to 2.11, namely the October 23 low,

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