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AUD/USD: analysis and forecast on 20.03.2015

AUD/USD grew sharply in price and managed to approach to a level of 0.7850 on Wednesday due to a weakening of the US dollar following FED's meeting. However, the price corrected to 61,8% Fibonacci retracement almost immediately and then got back downwards. The pair grew at the end of yesterday's trading session and the growth is expected to continue today. The pair is currently trading a bit below 0.7700 and is trying to break this level. 


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