Saturday, May 3, 2014

AUD/USD Weekly Outlook

AUD/USD's correction from 0.9460 short term extended lower last week. With 0.9135 minor resistance intact, deeper decline could still be seen initially tis week. But we'd expect strong support from 38.2% retracement of 0.8659 to 0.9460 at 0.9154 to at least bring a rebound. On the upside, break of 0.9315



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