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FxWirePro: 'Bullish Bat' pattern on AUD/CAD dailies, test of 0.96 likely

Tuesday, May 31, 2016 6:41 AM UTC

"Bullish Bat" pattern completed on AUD/CAD dailies.
Potential Reversal Zone: 0.9323
Bullish invalidation below: 0.9150
Target Price: 0.95/0.96/0.9775
Pair is currently struggling at 21-DMA at 0.9452, break above will see upside.

Recommendation: Good to buy dips around 0.9420, SL: 0.9320, TP: 0.95/0.9575/0.96

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FxWirePro: 'Bullish Bat' pattern on AUD/CAD dailies, test of 0.96 likely

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