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AUD/USD – May 23, 2011: testing the Trends Line Diagonal |
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Monday, 23 May 2011 04:50 |
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Testing the Trends Line Diagonal, Potentially Forming a pattern of Double Top And Double Bottom Pattern when the Conditions are met
Yesterday: Open 1.0665 High 1.0711 Low 1.0667 0610 Close 1.
Since Friday the Asian session began trading yesterday, the movement of the Aussie look sideways. Ahead of the session, Europe began to look at the trend line diagonal bergeliat.
Overall movement Aussie range high low daily on the range of 100 pips.
Currently, the visible movement of Aussie bullish limited.
There is no focus on economic data today for the Aussie currency.

Double Top pattern is formed when the movement of Aussie can go beyond the diagonal as a trend line break line of the double top.
The pattern of Double Bottom formed when Aussie can go beyond the level of movement of resistance 1 as a break line of the double bottom.
When the price increase that continues then open up opportunities to the level of resistance 1.0705 and 1/0747.
Preferably if there is a decrease in the price can reach continuous level support 1.0596 and 0570.
The price on the graph visible line MA05 H1 and MA10 still in bullish conditions is limited.
While the Indicator Stochastic indicating a bearish conditions.
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