Sunday, February 1, 2015

AUD/USD Daily Outlook

Further decline is still expected in AUD/USD. Sustained trading below 61.8% projection of 0.8910 to 0.8032 from 0.8294 at 0.7751 will target 100% projection at 0.7416 next. On the upside, break of 0.8024 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.



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