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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.

18-2-2019-AUD-USD-H4.png

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