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    Technical analysis for the AUDUSD on 05.05.2015

    The AUDUSD has turned up

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 160 pips Max. 0.7975

    Min. 0.7725

    audusd3

    The RBA has announced its interest rate decision at 7.30 this morning – the rate was cut from 2.25% to 2.00%.

    despite negative data for the AUD, the bulls have successfully turned the downtrend from 0.8060 up. The price is currently testing resistance at 0.7900.

    Level 0.7900 is a strong barrier on the way up. If bulls manage to break it on today’s session, it will allow them to proceed towards 0.7975, 0.8060.

    Alternative scenario: bearish trend will continue if price breaks and hold below 0.7835 support.

    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 has turned up

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 160 pips Max. 0.7975

    Min. 0.7725

    audusd3

    The RBA has announced its interest rate decision at 7.30 this morning – the rate was cut from 2.25% to 2.00%.

    despite negative data for the AUD, the bulls have successfully turned the downtrend from 0.8060 up. The price is currently testing resistance at 0.7900.

    Level 0.7900 is a strong barrier on the way up. If bulls manage to break it on today’s session, it will allow them to proceed towards 0.7975, 0.8060.

    Alternative scenario: bearish trend will continue if price breaks and hold below 0.7835 support.

    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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