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AUD/USD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:02 UTC

The AUD/USD pair broke higher during the course of the day on Tuesday, but still has plenty of noise just above, not to mention the fact that we have a ceiling at the 0.75 level at the moment. We have no interest in buying this pair, and we believe that it’s only a matter of time before resistive candle presents itself that we could start selling again. With this, we remain bearish but we are being patient enough to find selling pressure that we can take advantage of and push this market even lower.


 

AUD/USD Forecast July 29, 2015, Technical Analysis

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