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Oracle97
Mar 31, 2019 8:57 PM

AUD/USD BEARISH RECTANGLE Short

Australian Dollar/U.S. DollarFXCM

Description

After a clear downtrend there appears to be a consolidation , and resistance and support are parallel to one another.This appears to be bearish rectangle ,therefore once it touches the resistance it is more likely to go back down and test the support which it should eventually break and continue its downward movement.

Therefore a short sell opportunity is at 0.71339
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