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    AUD/JPY: technical analysis on 18.11.2015

    On the daily chart, the price is moving along the upper Bollinger band, while bands start slowly widening. The price remains underneath its EMA130 but above the EMA65, both horizontal. The RSI is growing along its trend line that currently coincides with its longer MA and is likely to be tested shortly. The Composite is moving down to test its MA’s as well. MA’s for both indicators, however, suggest a strength of the market. 

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