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junjie_s
Jun 17, 2020 9:33 AM

AUDUSD Cypher Pattern Continuation  Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD fell sharply after a completion of a cypher pattern, finding resistance at 78.8%.
Price has retraced back to the neckline, which is also a zone of support and resistance.
As price has been resisted at this level, we expect price to continue falling back to previous low at around 0.6800.
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