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AUDUSD Over Extended

Discussion in 'Market Predictions and Reports' started by ITtrader, Jul 1, 2011.

  1. ITtrader

    ITtrader intellitraders representative

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    Does anyone think that the AUDUSD is coming down? I use Bollinger bands but to be honest I don't trust them all that much yet. I have been told that once price gets over extended on the top or bottom band price should go the opposite way. Right now on the AUDUSD daily chart it is very over extended. Just curious if you think it will come down?

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