AUD,NZD/FXWW News/Technical Analysis

AUD/USD: Needs to consolidate above .8980/85 for double-bottom possibility

The short-term charts are trying to form a reversal pattern (see charts) but prices need to cleanly break through current levels and then consolidate above .8980.

  1. Definitely needs to be factored in Jack. I would not take a position based solely on the presumption that the gap will close but in my experience they tend to close nearly all the time

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