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AUD/USD Forecast December 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 December 2015 06:28 UTC

The AUD/USD pair broke higher during the day on Tuesday, clearing the 0.73 level. This is a market that seems it’s ready to continue going higher, but we need to break above the 0.74 level before we see any real momentum continue. A resistive candle in this general vicinity would be a classic sell signal though, so at this point in time we feel that it’s difficult to place a trade quite yet, as we have to see what happens at the aforementioned 0.74 level in order to make a decision on what to do next.

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