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Short

AUDUSD 60mins outlook 5/9/16f - SHORT

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price is currently in a downward channel close to the upper limit.
Price may retest the 200 period moving average (red) again before pushing it on a downward move.
A good conformation for short if price breaks below 34 period moving average (blue).
MACD currently hovering above 0 but crossover of both signal and MACD line support the idea of a downward move.
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