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    Technical analysis for the AUDUSD on 08.07.2015

    The AUDUSD is consolidating at 0.7400

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.7530

    Min. 0.7300

    audusd4

    The Australian dollar keeps falling against the USD. Yesterday it broke support at 0.7465. The breakout was followed by the re-test of the barrier and the bounce down.

    The downtrend has recently halted at a round support of 0.7400. Trading volumes are low – slight correction up towards 0.7465 is probable.

    Further decline from current positions should be considered after the breakout of 0.7400 support. Potential decline targets are: 0.7300, 0.7200.

    Alternative scenario: the breakout of 0.7465 resistance will be a signal for correction up.

    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 consolidating at 0.7400

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.7530

    Min. 0.7300

    audusd4

    The Australian dollar keeps falling against the USD. Yesterday it broke support at 0.7465. The breakout was followed by the re-test of the barrier and the bounce down.

    The downtrend has recently halted at a round support of 0.7400. Trading volumes are low – slight correction up towards 0.7465 is probable.

    Further decline from current positions should be considered after the breakout of 0.7400 support. Potential decline targets are: 0.7300, 0.7200.

    Alternative scenario: the breakout of 0.7465 resistance will be a signal for correction up.

    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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