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EURO AUSSIE PNF ANALYSIS

FX:EURAUD   Euro / Australian Dollar
The price action not breaching the upper bollinger band suggests that upward bias has temporarily wrested. The price action going below the bollinger Moving average line should be a decisive clue for softening of this currency pair. Both technical indicators exhibits a bearish outlook as the line bounces off the horizontal resistance line of 1.56-1.57.
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