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    AUD/USD: analysis and forecast on 20.04.2015

    At the beginning of last week, the pair declined making attempts to break down support level 0.7560; however, this support level was strong enough to prevent further decline in the pair. Later, the pair started to grow due to strengthening in the AUD. The pair reached the level of 0.7850. The “bulls” tried to win back lost positions but failed to go below Fibonacci line of 61.8%. At the moment the pair is traded slightly above this level.

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