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MtxTrader
Nov 30, 2016 9:56 PM

AUDNZD Descending Triangle Short

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD 4h, probably down to 1.0250 soon, may first go up to retest resistance trendline.

It could go up once again, but with the bearish momentum I think a short is more reasonable.

Either way, we will know within a day's worth of 4h candles, either a bounce from the support or a support breakout.
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