Friday, November 29, 2013

AUD/USD Weekly Outlook

AUD/USD's decline from 0.9757 continued last week and even though it's losing downside momentum, there is no confirmation of bottom yet. Deeper decline would still be seen initially this week towards 100% projection of 0.9757 to 0.9267 from 0.9447 at 0.8957. On the upside, though, break of 0.9203 will indicate



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