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AUD/USD Forecast July 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 July 2015 00:19 UTC

The AUD/USD pair fell during the course of the session on Friday, showing significant weakness still. During the same session, the gold markets fell apart and as a result it should continue to push the value of the Australian dollar lower. We believe that a break below the most recent low from a couple of days ago should send this market looking for the 0.70 handle. We think rallies also offer selling opportunities and that the 0.75 level above is a significant “ceiling” in this market and should keep sellers entering again and again.

 

AUD/USD Forecast July 20, 2015, Technical Analysis

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