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    Technical analysis for the AUD/USD – 19.11.2015

    The price broke resistance at 0.7140/50, which confirmed dominating bullish moods, and then rose to level 0.7170/60, where it still resides. Indicators look to be more bullish, although the readings are not as strong, which gives reasons to leave previous assumptions in force – the price will most likely extent its correction up to level 0.7140/50 within the dominating bearish trend. The main growth targets is situated at 0.7200/20 resistance and possibly at 0.7250. Decline will recommence after the price test these two barriers. At the same time, there’s a possibility of decline from the current levels as well.

    AUD191115

    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 broke resistance at 0.7140/50, which confirmed dominating bullish moods, and then rose to level 0.7170/60, where it still resides. Indicators look to be more bullish, although the readings are not as strong, which gives reasons to leave previous assumptions in force – the price will most likely extent its correction up to level 0.7140/50 within the dominating bearish trend. The main growth targets is situated at 0.7200/20 resistance and possibly at 0.7250. Decline will recommence after the price test these two barriers. At the same time, there’s a possibility of decline from the current levels as well.

    AUD191115

    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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