Saturday, November 29, 2014

AUD/USD Weekly Outlook

AUD/USD's break of 0.8539 support last week confirmed down trend resumption. Downside momentum isn't too convincing. But further fall is still expected in near term for 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.



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