Thursday, November 27, 2014

AUD/USD Daily Outlook

No change in AUD/USD's outlook. Recent down trend is still in progress and further decline is expected to 61.8% projection of 0.9401 to 0.8642 from 0.8910 at 0.8441. On the upside, break of 0.8795 resistance is needed to confirm near term reversal. Otherwise, outlook will stay bearish in case of recovery



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