Monday, December 30, 2013

AUD/USD Daily Outlook

Near term outlook in AUD/USD stays mildly bearish with 0.8986 minor resistance intact. Sustained break of 0.8847 will pave the way to next medium term fibonacci level at 0.8544. However, considering bullish convergence condition in 4 hours MACD, break of 0.8986 will argue that a short term bottom is formed



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