Sunday, September 29, 2013

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains mildly on the downside for the moment. As noted before, corrective rise from 0.8847 might have completed at 0.9528 already after hitting 38.2% retracement of 1.0581 to 0.8847 at 0.9509. Deeper decline is expected to 0.9232 resistance turned support first. Break will confirm this case



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