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AUD/USD Forecast October 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 October 2015 06:02 UTC

The AUD/USD pair initially fell during the course of the session on Tuesday, but turned back around to find a very positive candle at the outcome. We still believe that there is a significant amount of resistance somewhere near the 0.7250 level, so we are simply going to let the market “come back to us” before we start selling. A break down below the bottom of the range for the session on Tuesday would also offer a selling opportunity as far as we can see. We have no interest in buying this market at this point in time.

 

 

 


 

 

 

 

 

AUD/USD Forecast October 7, 2015, Technical Analysis

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