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USD/NOK 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/NZD 1H Chart: Descending Triangle Comment: The hourly chart of AUD/NZD suggests the pair is likely to keep moving lower. Apart from the descending triangle that implies growing selling pressure, the negative bias is strengthened by the technical indicators and the trend-lines. Even if the price escapes the boundaries of the pattern to the upside, potential gains should be limited by supply at 1.0920. Additional resistances are at 1.0960 (down-trend plus 200-hour SMA) and at 1.0985 (weekly

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