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FX.co ★ Technical analysis of AUD/USD for 10th November 2016

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Forex Analysis:::2016-11-10T07:25:36

Technical analysis of AUD/USD for 10th November 2016

Price is approaching a major resistance level at 0.7693 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance) where we expect a reaction from and a drop towards 0.7582.

RSI (34) is approaching pullback resistance too.

Sell below 0.7693. Stop loss at 0.7736. Take profit at 0.7582.

Technical analysis of AUD/USD for 10th November 2016

Analyst InstaForex
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