Saturday, August 2, 2014

AUD/USD Weekly Outlook

AUD/USD dropped sharply last week as the consolidation from 0.9504 extended and broke 0.9328 support. Further fall is still expected as long as 0.9355 resistance holds. AUD/USD might target 0.9211 support and below. But in that case, downside should be contained by 38.2% retracement of 0.8659 to 0.9504 at 0.9181



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