Tuesday, July 1, 2014

AUD/USD Daily Outlook

AUD/USD's rise lost some steam after hitting 0.9054. But still, near term outlook stays bullish with 0.9387 support intact. Rally from 0.8659 has just resumed and should be in progress for medium term fibonacci level at 0.9583 next. On the downside, however, break of 0.9387 support will dampen this bullish



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