InstaForex - Analytics


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    AUD/USD trading recommendations for 14th June 2016


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    The price reversed to our head and shoulders neckline resistance as expected yesterday where we would have added to our position for a stronger drop from here. The RSI (34) also reacted below our pullback resistance to signal a further drop to 0.7325.

    Trading recommendations:

    Sell now or wait for re-entry at 0.7415 level

    Take profit at 0.7325

    Stop loss at 0.7470

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