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AUD/USD Forecast October 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 October 2015 05:55 UTC

The AUD/USD pair initially tried to rally during the course of the session on Thursday, but turned back around to form a somewhat negative candle. That being the case, the market should then reach towards the 0.70 level below, which of course is a large, round, psychologically significant number. A supportive candle in that area could be a buying opportunity, but beyond that we are not looking into buying this pair anytime soon as it does look very soft at the moment. On top of that, we are bit suspicious of commodity currencies in general.

 

 

 

 

 

AUD/USD Forecast October 30, 2015, Technical Analysis

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