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AUDUSD Daily Analysis – May 17, 2017

AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the rising price channel, only a clear break below the channel support could bring price back to test 0.7328 support.

AUDUSD chart

Author ForexCycle.comPosted on May 16, 2017Categories Short Term Forex AnalysisTags AUDUSD, Price Channel, Trend Line

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