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AUD/USD: the prospects for significant reducti on 24.06.2015

During five weeks the AUD/USD is trading in a sideway range between 0.7830-0.7600 and is unlikely to leave it in the nearest future. At the moment the price is heading towards the lower border. The breakdown of levels 0.7720 (23.6% Fibonacci correction) and 0.7690 (the lower MA of Bollinger Bands) leads to the further reduction to 0.7600.


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