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FxWirePro- Major Crypto levels and bias summary

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FxWirePro: AUD/USD Trade Idea

Tuesday, October 24, 2017 10:56 AM UTC

Currency Strength Index Bias for AUD/USD: Bearish

FxWirePro's Hourly AUD Spot Index was at -74.6081 (Slightly Bearish)

FxWirePro's Hourly USD Spot Index was at 121.045 (Bullish)

Technical Analysis: Bias bearish

- RSI and Stochs biased lower, RSI below 50

- MACD is on verge of bearish crossover

- -ve DMI crossover on +ve DMI seen, ADX is showing a turn higher

- Price action has slipped below cloud and broken below 100-DMA

Support levels - 0.7756 (38.2% Fib retrace of 0.7160 to 0.8125 rally), 0.77, 0.7694 (200-DMA)

Resistance levels - 0.78, 0.7825 (nearly converged 5, 20 & 100 - DMAs), 0.79

Recommendation: Good to go short on rallies around 0.7785/0.78, SL: 0.7840

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FxWirePro: AUD/USD Trade Idea

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