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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 17, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Cable continued to trade below the 55-DMA and fell sharply during the day breaking below 1.6300 and is now trading lower. If the current downmove continues we may see a dip towards 1.6220-00 in the US session. Note that 1.6220-00 is the lower end of the channel in which it...

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