Breakout of an ascending channel with AUDNZD

01 October 2021 355
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Waiting for a correction to 1.035

Such reversals are never roll-back-free. In the majority of cases, the price ralls back taking about 50% of the previous movement. In such situations, the possible target is usually set at the nearest level, which in this case is 1.035.


This content is for informational purposes only and is not intended to be investing advice.

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