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LD3K
Apr 11, 2015 12:57 AM

Looking for bearish confirmation Short

Australian Dollar/Canadian DollarFXCM

Description

Following the RBA's no rate change announcement, AUD climbed strongly. The price has stalled at a previous S&R zone as well as a 50% retracement level of the previous movement, making higher highs but with strong rejection of the highs by the bears. Looking for bearish confirmation prior to entering trade and looking to see how the PA reacts around the 0.94500 and 0.94000 zone.
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