Wednesday, January 1, 2014

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains neutral for the moment and more sideway consolidations could be seen. With 0.8986 minor resistance intact, near term outlook stays bearish. 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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