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AUDUSD Outlook: Double Bottom Breakout | December 30, 2016



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Audusd has formed double bottom chart pattern as we can see on the chart. This pair has broken neckline successfully as mentioned on the chart. This pair is now near to the neckline level. This can be good chance to take re-entry on this pair.
For buy entry, stop should be below the swing low or below double bottom. We can target 0.7270 level for initial target. Next we can set our take profit at 0.7310 level


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