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    Technical analysis AUD/USD – 18.11.2015

    The price kept consolidating sideways within the range of 0.7140/50 – 0.7080/70 as expected. Trading is currently carried out around 0.7100/10 marks. Indicators show neutral market moods. As mentioned in the previous forecast, the situation is rather unclear and can develop in either direction. The breakout of 0.7070/80 support will be a signal for the resuming bearish trend towards the next targets at 0.6940/30, 0.6910/00. Growth above 0.7140/50, on the other hand, will indicate the extension of correction up to resistance at 0.7220/00 or maybe a bit higher, to 0.7250 within the dominating bearish trend.

    AUD181115

    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!

    The price kept consolidating sideways within the range of 0.7140/50 – 0.7080/70 as expected. Trading is currently carried out around 0.7100/10 marks. Indicators show neutral market moods. As mentioned in the previous forecast, the situation is rather unclear and can develop in either direction. The breakout of 0.7070/80 support will be a signal for the resuming bearish trend towards the next targets at 0.6940/30, 0.6910/00. Growth above 0.7140/50, on the other hand, will indicate the extension of correction up to resistance at 0.7220/00 or maybe a bit higher, to 0.7250 within the dominating bearish trend.

    AUD181115

    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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