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24 July 2007

AUDNZD Daily - Bullish Divergent Bar setup

AUDNZD Daily - Bullish Divergent Bar setup


As seen on the chart there is a Bullish Divergent Bar forming today.
The steep down move last two days failed to break down the 1.09 level forming Double Bottom
At this point forces seem to be balanced and momentum and acceleration are gravitating around the zero.

Let's see what will be today.

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