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AUDUSD Weekly Technical Outlook 22-28 February, 2016 | February 21, 2016



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Audusd has pulled back from upward trend line as we can see on the above technical chart. This chart show the bullish momentum of this pair. This is following a upward trend line.


On h4 time frame, this pair has also rejected from 200 ema and this is an another sign for bullish momentum of this pair.


0.7100 level can be good buy zone for this pair. We need to buy on this pair from this level, then we should target 0.7200 level for first take profit. Second target will be 0.7320 level


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