Wednesday, May 28, 2014

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains neutral for the moment. Consolidation from 0.9460 could extend and in case of another fall, downside should be contained by 38.2% retracement of 0.8659 to 0.9460 at 0.9154 and bring rally resumption. On the upside, above 0.9408 will argue that rise from 0.8659 is finally resuming for 0.9460 and above.



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