Saturday, December 28, 2013

AUD/USD Weekly Outlook

AUD/USD attempted to recover last week but failed to break through 4 hours 55 EMA. Near term outlook stays mildly bearish with 0.8986 minor resistance intact. Sustained break of 0.8847 will pave the way to next medium term fibonacci level at 0.8544. However, considering bullish convergence condition in 4 hours



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