AUD/USD Morning Technical Report 22/7/2014
ecPulse
2014-07-22 08:23AM UTC
AUDUSD is moving higher again, as price maintains trading within the overall bullish trend, and above the key neckline for a head and shoulders pattern in addition to the 50-days SMA, and that favors the bullish scenario. Only a break below the neckline of the pattern will threaten for a bearish reversal.
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