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FXHighway
Mar 21, 2014 6:46 AM

AUDUSD's positive scenario is protected Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD bounced to the downside after breaching the neckline of the inverted head and shoulders' pattern, but the EMA50 managed to prevent the pair from suffering more losses, trying to revive the positive scenario now, and another breach to 0.9115 is required to reactivate the bullish pattern.

Still waiting targets that reach up to 0.9535, with risk limits for buyers below 0.8900
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