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    AUD/USD: Fibonacci analysis on 15.07.2015

    A short-term decline is possible.

    On the 4-hour chart, the AUD/USD pair entered a sideways channel between 0.7400-0.7500. At present, the price leans on the 38.2% Fibonacci fan, which makes its further fall towards 0.7400 possible. If the price breaks out from bottom to top, it might grow towards 0.7500 and 0.7565. 

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