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GBPAUD Seems Vulnerable To Continue Drifting Lower

Discussion in 'Technical Analysis' started by Kaitlin, Nov 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair failed to clear a descending trend-line resistance and subsequently dropped below a short-term trend-line intermediate support near 2.1160-50 area. The pair is now trading close to 2.1000 round figure mark support. Sustained weakness below 2.1000 mark now seems to confirm extension of the pair's near-term corrective move back[​IMG]

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