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Audcnhlong

OZE$ breakout on Chin.Yuan: AUDCNH. Updates here. The AUD getting a good bounce from a very oversold AUDCNH. Price has rally'd and has formed a Top2 on 1HR. Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr. My feeling is that the horse has bolted and this will breakout much bigger today across all sessions. I will keep you updated as I am a full-time trader, holding positions for various times, but principally I am a day-trader with a swing trading strategy. It varies. 15m chart CHOCH
Long
by Easy_Explosive_Trading
Aussie Dollar expected to fatten against the China Yuan The Australia / China economic dependency & reliance runs almost as deep as Australia's ongoing and upbeat relationship with the USA. Australia is where it is in only 300 years of white settlement because of its strong resources sector and China is one of its biggest consumers. Recent stimulus to prop-up a failing economy the past few years in China should restore this ying-yang existence and a secured one for the 2 nations over the next little while. Technically, you can see the path of the 2 currency's on the weekly chart. On the weekly it looks to be a tight consolidated range which will only serve to aid its breakout soon before traders are aware and its too late to buy the Oze at the better price.
Long
by Easy_Explosive_Trading