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AUDUSD could extend its rebound from 0.7095

Discussion in 'Current Market Sentiments' started by fx-recommends, Dec 22, 2015.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    AUDUSD Daily 22-12-2015 06-19-05 ص.jpg

    After having a new higher low at 0.7095, AUDUSD could extend its rebound during the Asian session reaching 0.7224, after surpassing 0.72 with rising up above the pair SMA50 and SMA100.

    However the pair is still below its daily its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading now 0.7244 in its twelfth day of continued being above the trading rate showing leading of the downside pressure until now with continued trading below the pair daily SMA200 over longer term.

    Important levels: MA50 @ 0.7193, MA100 @ 0.7179 and MA200 @ 0.7428

    S1: 0.7095
    S2: 0.7014
    S3: 0.6933
    R1: 0.7383
    R2: 0.7494
    R3: 0.7847

    Walid Salah El din
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