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AUD/USD Forecast October 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 07 October 2016 06:14 UTC
The AUD/USD pair broke down during the course of the day on Thursday, showing real signs of weakness. Because of this, I think we will more than likely continue to grind a little bit lower, reaching towards the 0.75 level below. However, keep in mind that the market will have to deal with the jobs number coming out of the United States, so that of course will have a massive effect on this market. I still believe that the sellers will probably continue to try to push lower, but it is going to be more of a grind.

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