Saturday, March 1, 2014

AUD/USD Weekly Outlook

AUD/USD spiraled lower last week but drew support from mentioned 0.8906 and recovered. Initial bias remains neutral this week first. Break of 0.9080/5 will confirm resumption of rebound from 0.8695. Also that would be an early signal of larger trend reversal and should target 38.2% retracement of 1.1079 to 0.8659



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