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2 Oct 2014 AUD/USD Analysis

2 Oct 2014 AUD/USD Analysis

dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD AUD/USD approaches the low of the year last seen in January but the daily chart has shown uncertainty over the price range for the past 3 days.

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The bearish trendline of lower highs has been broken on the hourly charts as the pull back from the lowest price attained this year since January continued its climb with the supporting data in the form of Building Approvals, with 3% recorded, higher than the estimated 1.1% and the second month it has shown a change higher than forecasts.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Slight bullish0.86450.870.8740.880.8850.891

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