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A New Strong Sell Signal For AUD/USD - SEB

From efxnews.com

With AUSD/USD final push higher early this week, the market met the ideal target for the correction, 1.0380/0400, says SEB Group. "The following impulsive decline and especially the break of 1.0263 have now confirmed the end to the correction and the resumption of the decline." SEB adds. "Next on the agenda is a break of 1.0221 and thereafter a go at 1.0116 and 1.0026 (if this is an ordinary (A-B-C) correction the decline is seen ending there but if it’s a 1-2-3-4-5 trend move….0.98 the next target thereafter (with more to come)," SEB projects. In line with this view, SEB technical models are about to generate a ... (full story)

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