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  • AUDUSD dips to 25-month low; looks oversold

    From xm.com

    AUDUSD is losing its positive momentum that started the day, while it posted a fresh 25-month low of 0.7156 on Tuesday. The bearish trend could stay in place given that prices continue to fluctuate below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, some of the technical indicators are indicating that the pair is oversold and a possible upside retracement may be due. The RSI indicator is flattening in the negative territory with no clear momentum, while the %K line of the stochastic oscillator is ready for a bullish crossover with the %D line in the oversold zone, giving a strong ... (full story)

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  • Sep 5, 2018 7:09am Sep 5, 2018 7:09am
  •  LuKa12
  • | Joined Sep 2014 | Status: Member | 78 Comments
like the oversold call.
 
 
  • Comment #2
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  • Sep 5, 2018 8:03am Sep 5, 2018 8:03am
  •  Montrealer
  • | Membership Revoked | Joined May 2017 | 151 Comments
Oversold? If China is out of US markets, Aussie is a way OVERVALUED.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
 
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  • Posted: Sep 5, 2018 6:11am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 2  /  Views: 1,396
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