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Divergence On AUDUSD Suggest Temporary Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Mar 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    AUDUSD is trading nicely higher now above 0.7600 after sharp turn up yesterday, so obviously wave 4 has finished much earlier than we thought. It was sharp corrective retracement that put wave 5 in play now for 0.7700 projection. Despite very strong push up there is still a bearish divergence[​IMG]

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