Thursday, October 30, 2014

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains neutral as the consolidation from 0.8642 continues. In case of another recovery, we'd expect upside to be limited by 38.2% retracement of 0.9401 to 0.8642 at 0.8932. Break of 0.8642 will extend the larger decline to next long term fibonacci level at 0.8544.



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