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joaquinmonfort - 19/10/2012 06:49 PM
#181
GBP/USD: downside probable
The GBP/USD pair will probably continue lower after recent rapid declines, and it may fall to 1.5995 where the 50-day moving average is situated. Any moves higher, however, will probably find resistance at 1.6090 at the underside of the trend-line.


Forex4you trading signals and analysis
joaquinmonfort - 19/10/2012 08:40 PM
#182
AUD/CAD: continuation higher
The aussie-cad pair has rallied up strongly from the beginning of October and there is a possibility of a continuation higher. The pair has just broken above the 50-day MA and it could easily rally up to resistance situated at 1.0290. Furthermore, the pattern indicates a possible run up to 1.0320. Alternatively a break back below 1.0170 could signal a bearish reversal down to just above parity.


Forex4you trading signals and analysis
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