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AUDUSD Weekly Analysis - April 5, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 April 2015 07:50 UTC
AUDUSD broke below 0.7560 support, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7000 area. Key resistance is now at 0.7938, only break above this level could signal completion of the downtrend.

audusd chart

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