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AUD/USD: Moving Averages acting as resistance

AUD/USD: Moving Averages acting as resistance

Information is not investment advice

There's a 'Triple Top' pattern, which has been confirmed, so the price moved higher, but the Moving Averages are acting as resistance. The main target is the next resistance area at 0.7198 - 0.7234, which was tested before. If a pullback from these levels happens little later on, the market could go back to the Moving Averages.





How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

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