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KeytoMarkets
Apr 20, 2018 9:56 AM

AUDUSD: Rejected again at 200MA Short

Australian Dollar/U.S. DollarFXCM

Description

The cross was rejected again at 200MA and has broken below the parallel support 0.7744. The daily and weekly studies RSI and oscillator are remaining bearish. After breaking the parallel support, we forecast two targets pointing to 0.7670 and 0.7640 its 100MA (weekly).

Comment

Friday's low was 0.7655
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