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AUD/USD at the Crossroad, Awaiting FOMC Minutes and NFP
AUD/USD has been bearish since June 2014. It remains bearish, but has rebounded this week. Let’s take a look at the charts and assess whether we might be seeing a shift in trend. Now, starting with the daily chart. we can see that the latest bearish candle was a strong one, and should signal bearish continuation. However, the AUD/USD has been fighting this week, creating a bullish divergence in the daily chart. We are at the crossroad between a possible consolidation/correction and the bearish continuation scenario. The favored scenario is always the prevailing one, which is bearish. The 4H chart also ... (full story)
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- PA is King
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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"Buy on fear, sell on greed !!!
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