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USD/SEK 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/AUD 4H Chart: Channel Down Comment: The outlook on GBP/AUD is bearish. The pair is trading within a well-defined descending channel, and for the next week this implies a sell-off from the upper boundary of the pattern at 1.9055 down to 1.8400/1.8350, where the rate will be expected to meet the lower boundary of the pattern along with the monthly S2 and 2015 low. Even if the price closes above the falling resistance line at 1.9055, the overall bias towards the Sterling will still remain

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