AUD/USD: Looking hot

imaxcare

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AUD/USD: 4 Hour chart

It looks that the pair is getting resistance everytime from a falling trendline. But it is getting good support at 0.8050-60 level. Now it seems that the pair will move upward and will break the trendline as stoch is also oversold zone will help to breakout. . if we see breakout then it will see resistance near 0.8700 level.

audusd240fx.gif
 
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