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XAU/USD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 30, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/CHF 4H Chart: Channel Up Comment: The risks for AUD/CHF are heavily skewed to the downside at the moment. For one, the currency pair has recently formed a descending triangle, a pattern that indicates growing supply. In addition, the exchange rate is fluctuating right at the intersection of two major trend-lines: one joins the peaks of the last 13 months and the other is more than three and a half years old. Accordingly, we would expect the Aussie to decline. The immediate support is at

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