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Dynamic Trader Blog - Forex Chart Pattern Signals

Monday, June 30, 2008

Resistance and divergence

Good morning all.

AUDUSD is close to a previous resitance with multiple divergences. Look for a reversal or breakout soon and use the techniques shown to you in the last couple of weeks for entering this.

NFP this week so we are likely to see consolidation nearer the time.


Chart courtesy of Advanced Get. Data supplied by eSignal.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik