Thursday, January 30, 2014

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains neutral for the moment. With 0.8887 resistance intact, near term outlook stays bearish and deeper decline is expected. Below 0.8695 temporary low will extend the larger decline to 61.8% projection of 0.9757 to 0.8821 from 0.9085 at 0.8507, which is close to next long term



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