RobertSoos

AUDUSD - time to take profit on long positions?

FX:AUDUSD   Australian Dollar / U.S. Dollar
Correction on commodity markets + strong jobs data supports AUD however ahead of the 0,79 (AUDUSD) big figure technicals might force institutional investor to lock in some profits from AUDUSD longs.

Technical resistance: 100 weekly EMA, downward channel since 2013.

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