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DannyBly

Regular Bearish Divergence AUD/NZD

By DannyBly, in Forex

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DannyBly    10

DannyBly
Posted

Price having broken out from the trend channel as shown on the daily chart continues to make higher highs. Meanwhile RSI has been making lower highs, suggesting a possible trend reversal. Support should exist along the upper trend channel line (formerly resistance).

 

audnzd.jpg

 

Analysis By TradersLog.com

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