Thursday, April 9, 2015

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains neutral for consolidations above 0.7532 temporary low. Price actions from 0.7532 looks corrective so far and favors decline resumption later. Also, with 0.7937 resistance intact, outlook stays bearish and the larger down trend is expected to resume later. Break of 0.7532 will target next fibonacci level at 0.7182.



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