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The RSI and CCI on the daily charts are in the negative zone which indicates that the pair is over sold, confirming our new Forex trading signal.

New Forex Trading Signal: AUD/USD

Buy AUD/USD at 0.8750. Take profit @ 0.8830 & 0.8890.
Stop Loss – A close below 0.8700

On the daily charts, the pair reached and bounced off the support level 0.8700, and formed a Double Bottoms Pattern. The daily candle covered yesterday’s candle which is known as a bullish engulfing pattern. . Both oscillators, the RSI and CCI on the daily charts are in the negative zone which indicates that the pair is over sold, confirming our new Forex trading signal.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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