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Friday, 13 April 2012

Weekly Forex Chart Price Action Outlook for April 16th – 20th Trade Setups & Trade Signals 2012

AUD/USD loss some ground today after yesterday aggressive moves,give rise to 50 percent  Retracement of Thursday moves.We are anticipating another retracement of the bar formed today, vis a vis a 4hrs selling signal formation on Monday.This will eventually leads to the general downtrend condition of this market.Near term support is around 0.226 zone.
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