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AUD/USD Forecast October 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 03 October 2015 11:46 UTC

The AUD/USD pair initially fell during the course of the session on Friday, but found enough support at the 0.70 level to turn things back around and form a hammer. That hammer of course is a very positive sign, but at the end of the day we recognize that we are very much in a downtrend overall, so having said that we are simply waiting for a resistive candle above from which to start selling. The higher this pair goes, the more tempted we are to start selling. We have no interest in buying at all.

 

 

 

 

 

 

 

AUD/USD Forecast October 5, 2015, Technical Analysis

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