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ChristieCapital

Nice rebound in the AUDUSD

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
ChristieCapital  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD
4
0
trendanalysis chartpattern indicator audusd
Looking at the chart, prices broke above a declining trend line in place since January of 2018. The 0.618 Fibonacci retracement level from the swing high of 0.814 and swing low of 0.551 is being tested as resistance. A break above could have strong bullish implications towards the next major resistance area at 0.7365.
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