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Friday, January 08, 2021

The channel watch #forex

The channel watch #forex


After the aud/usd breakout from the range ( rectangle ) in early December the stock has been trending upward in a channel steadily. For now the trend is definitely still to the upside but I am waiting to see if the channel breaks to the downside and through the near term support pivot at 0.7642 in the coming week. If we get a break to the downside then we may test the previous range ( rectangle ) high of 0.7413.

from Trading Ideas
via gqrds

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