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GBP/CAD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 31, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/NZD 1H Chart: Channel Up Comment: The near-term outlook on AUD/NZD is bullish. The currency pair has just formed an ascending triangle, and most of the hourly technical indicators are pointing north. Accordingly, we expect the Aussie to rebound from 1.0650 and re-test last week’s maximum. However, the price lacks the potential to go higher, which is implied by the daily studies. In addition, the Australian Dollar is already overbought, as shown by the SWFX sentiment that is bullish with

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