Monday, January 26, 2015

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains on the downside. Current decline should target 61.8% projection of 0.8910 to 0.8032 from 0.8294 at 0.7751 next. On the upside, break of 0.8294 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.



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