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Daily Forex Chart Art - Oct. 15, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBP/AUD: 4-hour As always, I’ve got my favorite break-and-retest play on today’s canvas with this pullback on GBP/AUD’s 4-hour forex chart. The pair is currently testing the resistance around the 38.2% Fibonacci retracement level and is showing a bearish divergence, as stochastic made higher highs while price made lower highs. A higher pullback to the 50% Fib near the broken support at the 2.1400 major psychological level and the 100 SMA might still be possible but if the pair is ready to

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