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Berenguer
Oct 10, 2017 8:55 PM

AUDCAD 

Australian Dollar/Canadian DollarFXCM

Description

This pair is originally a down trend. However, we can see the flag price action continuation pattern getting way narrower and narrower, which is a small indication of a trend losing strength. The MACD divergence favors an uptrend. However the only confirmation is if the price breaks out the box zone(support and resistance area) which will confirm trend continuation or reversal.


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