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On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a ...
The key levels used have given me the ranges as seen on the chart. Good momentum on the downside which can pull down to the key level below. If the momentum continues to pull towards the key level below there will be a good chance to grab a few pips.
I am personally going to wait for todays close before placing my position.
Please give feedback on the analysis I ...