InstaForex - Analytics


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    AUD/USD Elliott Wave trading recommendations for 7th June 2016 2016-06-07


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    AUD/USD is starting to look good for a drop from here since our analysis yesterday. The RSI has formed a bearish divergence vs the price and gives us more confidence of a drop from here to 0.7225. We're also at a key fibonacci retracement level now.

    Trading recommendations:

    Sell now

    Take profit at 0.7225

    Stop loss at 0.7500

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