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SamKent
Dec 10, 2014 10:50 AM

AUD/NZD ascending triangle formation Long

Australian Dollar/New Zealand DollarFXCM

Description

The AUD/NZD is making higher lows on the 30M chart, while mainting even high points, thus forming an ascending tirangle, which tells us the buyers are picking up some steam. Additionally, they have crossed the RSI 50 point. Therefore, our short term bias is bullish, and we're looking to buy the pair on a break of the highs.
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