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Daily Forex Chart Art - Dec. 14, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/AUD: 4-hour Last one up for today is another countertrend, this time on GBP/AUD’s 4-hour time frame. The pair is headed for the 2.1300 area, a pretty strong resistance level back in late October and early November. Not only that, but Stochastic is currently sporting an overbought signal. A short around the resistance area with stops just above the falling channel could be a good trade if you think the pound isn’t done weakening against the Aussie just yet. On the other hand, you could also

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