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ChartsAvenue
Sep 21, 2018 1:11 AM

Waiting for a reversal before going short. 

Australian Dollar/U.S. DollarFXCM

Description

Strong week for the aussie across the board, getting back to the upper band of its downtrend channel in AUDUSD which coincides with the 61.8% Fibonacci retracement level of the Jan'16 low to Jan'18 high, i.e. confluence of strong resistance, good risk/reward area to go short

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