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    Technical analysis for the AUD/USD – 21.10.2015

    Earlier forecast, expecting the pair to fall to 0.7200 support any time soon has almost come true. The price fell to 0.7210 and then retraced to level 0.7220/25. All indicators are turned down  — SS, R% and MACD are falling, suggesting further decline and a possible test of 0.7200 -0.7170 support range. However, it’s too early to expect any significant changes in the pair – current decline should be still considered correction within the uptrend. Decline below 0.7170/60 support will be the first sign of the changing market moods. Final confirmation will be received when the pair falls below 0.7080/70.

    AUD211015

     

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

    Earlier forecast, expecting the pair to fall to 0.7200 support any time soon has almost come true. The price fell to 0.7210 and then retraced to level 0.7220/25. All indicators are turned down  — SS, R% and MACD are falling, suggesting further decline and a possible test of 0.7200 -0.7170 support range. However, it’s too early to expect any significant changes in the pair – current decline should be still considered correction within the uptrend. Decline below 0.7170/60 support will be the first sign of the changing market moods. Final confirmation will be received when the pair falls below 0.7080/70.

    AUD211015

     

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


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