SteynTrade

AUDUSD waiting for the markup

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
 As indicated last week we expected to find support at the resistance lines. There is consistent dominance of demand over supply. Advances (SOSs) have widening price spreads and increasing volume. Reactions (LPSs) on smaller spreads and diminished volumes was again seen. We are at the top of the TR. We should see the mark-up phase should start soon.

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