AUDSGD is in nice downtrend since mid of 2014 and it is expected to continue for another few months before consolidation or changing the position slightly. Please find below the chart analysis,
Monthly chart:
- Between the trend line's Support and Resistance line, hardly this pair moves aside which explains the steepness of this down trend
- Lot of topside doji also present recently, which suggests the weakness in price action, yet the downtrend resumes and the upside push is not enough.
W…
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