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asangwecho
Dec 2, 2018 6:50 PM

Change in trend direction for AUDUSD Long

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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After a complete year in a Down trend, the AUDUSD pair has broken out of the Channel and has tested the upper resistance level of the channel now turned support. We are looking to post a buy at least to the 61.8% of the year long channel.
Trend AnalysisChart PatternsSupport and Resistance
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