Saturday, November 1, 2014

AUD/USD Weekly Outlook

AUD/USD's consolidation from 0.8642 extended last week and outlook is unchanged. Initial bias remains neutral this week for some more sideway trading. 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



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