AUDUSD – Buying dips at the 0.7000 Big Figure

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Monthly: We have broken the large Expanding Wedge formation to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations. We are likely to post a bullish Hammer for the month of January. Reverse trend line resistance is located at 0.7270. A Double Bottom formation could be confirmed on a break of 0.8136 Weekly: Broke the wedge formatio...


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