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AUD/USD Forecast November 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 31 October 2015 06:35 UTC

The AUD/USD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer. The hammer that has formed during the session suggests that we are going to go higher, and as a result we are buyers above the top of the range for the day. With this, the market should then reach towards the 0.7250 level. We believe that there is a massive amount of support below the hammer from the Thursday as well, and as a result we are “buy only.”

 

 

 

 

 

 

 

AUD/USD Forecast November 2, 2015, Technical Analysis

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