AUDUSD: Outlook

AUDUSD: In the Long-term, the down trend from 1.1079(2011 high) is still in progress. Key support at 0.6007(2008 low)

  • AUDUSD’s rebound from 0.7015 last week, above 50-day ema, bulls may target 0.7625
  • Below the 50-day ema(0.7152) will turn bias to the downside, first target at 0.7015

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