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InvestingScope
Jan 24, 2019 7:30 AM

AUDHKD: Taking full advantage of the Channel Down on 4H. Short

AUD/HKDOANDA

Description

The pair is on a standard 4H Channel Down (RSI = 33.623, MACD = -0.012, Highs/Lows = -0.0225, B/BP = -0.0448), which since it crossed the 5.5788 4H support is expected to continue lower. The expected Lower Low is estimated at 5.5380 where a pull back to 5.5788 is expected.






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