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Pair is moving in an upward channel towards a major resistance level. If it holds, the pair will make a sharp turn downwards. Also, the RSI indicator shows the pair is overbought and a imminent divergence. A breakout from the channel is likely. FX:EURAUD
6
Pair has formed an inverted Head and Shoulder pattern, waiting for breakout and retest. Also on the daily time-frame, the pair is forming an ascending triangle pattern inside a rising wedge pattern. The 50 SMA also confirms the uptrend.
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