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Tuesday, April 5, 2016

AUDUSD Technical Outlook on 1hr chart

















AUDUSD 1hr shows a possible attempt at testing failed support turned resistance at 0.76000 psycholigical price level. AUDUSD is expected to find resistance at 0.75900/0.76000 region at point (A) as indicated on the chart.

Trade recommendation;

Sell at any point within resistance zone provided by lower band of the broken descending triangle at 0.75900/0.76000
Stop loss should be above 0.76430
Take profit: 0.75000/0.75100

Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk

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