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AUDUSD Weekly Analysis - May 22, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 May 2016 08:38 UTC
AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175. Further decline could be expected after a minor consolidation, and next target would be at 0.7000 area. Resistance is at 0.7380, only break above this level could bring price back to 0.7600 zone.

audusd chart

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