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    Technical analysis for the AUDUSD on 28.04.2015

    The AUDUSD is about to test round resistance at 0.7900

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.8000

    Min. 0.7835

    audusd13

    Bulls broke and held above the tough resistance at 0.7835 on yesterday’s session. The breakout occurred at high volume, and was a good signal for further growth.

    Today we expect the price to make another attempt to test round resistance at 0.7900, which pushed the bulls 340 pips down last month .

    The test of the 0.7900 mark can trigger a short-term consolidation, followed by a slight rebound down.

    Alternative scenario: bullish trend will continue if price breaks and hold above the 0.7900 resistance.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The AUDUSD is about to test round resistance at 0.7900

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.8000

    Min. 0.7835

    audusd13

    Bulls broke and held above the tough resistance at 0.7835 on yesterday’s session. The breakout occurred at high volume, and was a good signal for further growth.

    Today we expect the price to make another attempt to test round resistance at 0.7900, which pushed the bulls 340 pips down last month .

    The test of the 0.7900 mark can trigger a short-term consolidation, followed by a slight rebound down.

    Alternative scenario: bullish trend will continue if price breaks and hold above the 0.7900 resistance.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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