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AUDUSD: Upmove in AUDUSD after re-test of flag boundary
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AUDUSD, 240 Long
Upmove in AUDUSD after re-test of flag boundary

1) First we have have seen a strong up-move in AUDUSD forming a clear flag pattern for continuation. 2) The flag pattern showed a break out upwards but price is now coming down for a re-test of the flag boundary. First a strong SR at 0.9200 has to be broken and then establish a long position at appr 0.9130.

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