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AUDUSD: Weakness Sets Up For The 0.7041 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD: The pair weakened on Tuesday and was seen weakening further during early trading on Wednesday. On the downside, support comes in at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.7200 level where a break if

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