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AUD/USD Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:14 UTC
The AUD/USD pair initially tried to rally during the day on Friday, but turned back around to form a slightly negative candle. The 0.77 level offered a bit of support, and it now looks as if we will more than likely trying to drive a little bit lower and find a supportive candle. As soon as we get that, we will start buying again as the Australian dollar has been in a nice uptrend. However, we may have to drift a little bit lower due to the fact that there has been a fairly significant move higher.

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