Friday, October 3, 2014

AUD/USD Daily Outlook

Intraday bias in AUD/USD is mildly on the upside as recovery from 0.8662 short term bottom might extend higher. But upside should be limited by 0.8983 cluster resistance (38.2% retracement of 0.9504 to 0.8662 at 0.8984) and bring fall resumption. Sustained break of 0.8659 will confirm resumption of the medium



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