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AUD/USD - Price Bottom Attempt
Bearish Momentum: AUD/USD has been sharply bearish since April 2013, when it fell from about 1.0590. The bearish mode remains as lower highs and lower lows are established, but the speed of the decline has been more gradual since June, and price action has been choppier. When you look at the 4H RSI, the reading has mostly held under 60 to show maintenance of bearish momentum, but it is being challenged again. The 200-4H SMA shows overall bearish mode as it hovers above price and other moving averages and has a downward slope. The smaller moving averages and price reflect a market in consolidation. Price bottom ... (full story)
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- Jul 19, 2013 11:41am Jul 19, 2013 11:41am
- johnel
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- jaygee
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- venzen
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cryptocurrency everytime
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- skenobi
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I'm not trying to convince anyone. I'm not in the "convincing" business.
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- JCL's-Forex
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- venzen
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cryptocurrency everytime
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- skenobi
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I'm not trying to convince anyone. I'm not in the "convincing" business.