Today we are taking a look at Aussie Dollar versus US dollar which is finding substantial selling at resistance levels just short of 0.6970. The pair appear to be at the latest lower high of its lower highs, lower low patterns and looks set to turn lower back towards mid 0.68.
The touching of resistance levels is being met at the same time as Stochastic shows extreme overbought levels and rsi reaches the top of its trading band.
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Trade closed: target reached
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Manual close on headline of trade talks being 90% complete. Minor 20 pip hit