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    Technical analysis for the AUDUSD on 14.05.2015

    The AUDUSD has breached strong resistance at 0.8060

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.8200

    Min. 0.8000

    audusd6

    The Australian dollar has been recovering its positions for six consecutive weeks after the nine-month downtrend. Bullish trend has all chances to continue.

    Having breached two strong resistance levels at 0.8015 and 0.8060, bulls should accelerate their strengthening against the US dollar. Especially now, when the USD is falling across the board against most of its major opponents.

    The bulls will most likely proceed to the intraday resistance at 0.8225 from January 2015.

    Alternative scenario: downside correction towards strong support at 0.8060, followed by consolidation.

    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 breached strong resistance at 0.8060

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 0.8200

    Min. 0.8000

    audusd6

    The Australian dollar has been recovering its positions for six consecutive weeks after the nine-month downtrend. Bullish trend has all chances to continue.

    Having breached two strong resistance levels at 0.8015 and 0.8060, bulls should accelerate their strengthening against the US dollar. Especially now, when the USD is falling across the board against most of its major opponents.

    The bulls will most likely proceed to the intraday resistance at 0.8225 from January 2015.

    Alternative scenario: downside correction towards strong support at 0.8060, followed by consolidation.

    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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