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AUD/USD Forecast August 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 13 August 2015 06:19 UTC

The AUD/USD pair broke higher during the course of the session on Wednesday, bouncing off of extreme lows near the 0.7250 level. However, we have plenty of resistance above and as a result we feel it’s only a matter of time before we get a resistive candle that we can search selling. The 0.75 level above is massively resistive, and as a result we have no interest in buying at this point. If you keep in mind that the gold market is getting a little bit of a relief rally, so this can be a bit of a reaction to that.

 

AUD/USD Forecast August 13, 2015, Technical Analysis

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