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AUD/USD Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:39 UTC
The AUD/USD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer. Ultimately, I believe that the 0.75 level above is resistive as well, so with all the noise is going to be very difficult to trade the Australian dollar, so I am on the sidelines when it comes to this pair. At this point, I will wait to see if I get a signal on the longer-term charts in order to make my next trade. In the meantime, waiting patiently is the only thing that I can do.


 

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