AUD/NZD 19.06.2017
Our expectations: Possible reversal of the short term trend to Long, after the formation of higher lows. The solid bottom at 1.0400 gives us the ground to consider this as a signal for possible increase.
Alternative scenario: If the price gets lower again and crosses the diagonal support under 1.04450, this scenario might be cancelled.
Commentary: The mid term trend is short and may be over. The price is above SMA 50.
DeM(14) - reversed in oversold zone and crossed 0.3 level - positive signal. There is a bullish divergence on the indicator as well.
SL: 1.04450
Trader Senan Fuchedzhiev
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