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Mood!

Monday, February 22, 2010

Divergence continued..

Looking at AUDUSD again.. click for previous divergences post

AND NOW:

 

We can see RSI starting to turn down whilst price has more or less matched the previous high, setting up a NEGATIVE DIVERGENCE.  Short with a stop just above the recent high 9045, and look to cover half at the up trend line...a break of that and may see much lower levels.

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