nmike

AUDUSD positive divergence (daily)

FX:AUDUSD   Australian Dollar / U.S. Dollar
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The AUDUSD monthly and weekly trend is still bearish, however there may be a short term long signal setting up in the daily frame. All indicators are showing positive divergence and Trix lines are showing short term upside momentum with Trix 7 about to break mid point. A break above resistance could see AUD reach around .9570 near term. If up trend continues the next target is around 1.009.
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