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    Technical analysis for the AUDUSD on 27.07.2015

    The AUDUSD: short-term correction

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.7365

    Min. 0.7200

    audusd10

    The AUD approached 0.7260 support at low volumes (a sign of weakening bearish potential) and paused.

    The price is currently correcting up from 0.7260 support. The main growth target is situated at 0.7325 resistance – its test will most likely trigger consolidation.

    The longer the consolidation lasts, the bigger will be the rebound down. Potential decline targets are 0.7260, 0.7200.

    Alternative scenario: the breaking of 0.7325 resistance will allow bulls to push the price up into the range of the 0.7365 descending trend line.

    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: short-term correction

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.7365

    Min. 0.7200

    audusd10

    The AUD approached 0.7260 support at low volumes (a sign of weakening bearish potential) and paused.

    The price is currently correcting up from 0.7260 support. The main growth target is situated at 0.7325 resistance – its test will most likely trigger consolidation.

    The longer the consolidation lasts, the bigger will be the rebound down. Potential decline targets are 0.7260, 0.7200.

    Alternative scenario: the breaking of 0.7325 resistance will allow bulls to push the price up into the range of the 0.7365 descending trend line.

    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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