AUD/USD – Major Support is Still Lower
03 Jan 2017 20:47, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Remember, “AUD/USD has followed through on its outside week reversal (lower) so broad focus is still lower”…and “a bear flag has formed, suggesting that the broader move lower is resuming.” The last week or so of sideways trade is seen as nothing more than a pause until weakness resumes towards .7000.
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