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AUDUSD: Risk Turns Higher On Recovery Offensive

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 12, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD: With the pair rallying strongly during early trading on Thursday, further upside offensive is envisaged. This development suggests a temporary bottom is now in place. This should see more strength build up with eyes on the 0.7200 zone. On the upside, resistance lies at the 0.7250 level. A cut through here will turn attention to the 0.7300 level and then the 0.7350 level where a violation will set the stage for a retarget of the 0.7400 level. On the downside, support resides at the

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