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Forecast AUDCHF 24/2/2016

In the 1H chart, the price is rebounding from the channel's upper line by a bearish divergence formation. It is currently broken below. It is expected to drop by the pair if it gains firm footing on the market. Also in the 4 H chart the downward channel is valid and reacted by hitting the upper line and started to fall down to the bottom line.

Wednesday, 24 Feb, 2016 / 7:18

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