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MNI Analysis: AUDCHF Key Resistance Zone -....>

FOREX
FOREX: MNI Analysis: AUDCHF Key Resistance Zone
- AUDCHF has registered gains in eight of the last nine sessions to rest on down
trendline resistance drawn off the Apr 18 high at 0.6935.
- A break above opens the key 0.6940-50 resistance zone which holds the 38.2%
retracement of the Apr-Jun fall, 50-dma & series of previous highs/lows through
May-June.
- Risk factor - AUDCHF recently charted a Hanging Man candle pattern, failure to
clear 0.6950 on a closing basis could see a short-term reversal.
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