Saturday, September 28, 2013

AUD/USD Weekly Outlook

AUD/USD's fall from 0.9528 extended lower last week and the development argues that corrective rise from 0.8847 has completed at 0.9528 after hitting 38.2% retracement of 1.0581 to 0.8847 at 0.9509. Initial bias remains mildly on the downside this week and deeper fall would be seen to 0.9232 resistance turned



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