Sunday, April 12, 2015

AUD/USD Weekly Outlook

AUD/USD consolidated above 0.7532 last week and outlook stays bearish. Larger fall from 0.9504 is expected to resume later. Below 0.7532 will target next fibonacci level at 0.7182. On the upside, break of 0.7937 resistance is needed to indicate reversal. Otherwise, outlook will stay bearish in case of stronger recovery.



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