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24 Sept 2014 AUD/USD Analysis

Amandeep Sonewane | Sep. 24, 2014

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Australian dollar continues fall against the dollar, testing support at the end of the fibonacci extension

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Falling AUDUSD is likely to see retracements at current price level

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Trading below the trendline in red and the moving averages, stay cautious on short term entries as RBA Governor Glenn Stevens address the Melbourne Economic Forum

The technical support for the slide of the Australian dollar coupled with the better than expected trade balance in New Zealand may give rise to short term bullish reversal on both commodity linked currencies. The Aussie dollar has traded close to 4 weeks of losses against the U.S dollar and is at the lowest levels since March 2014.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish / Retracement level 0.874 0.8820.884 0.890.8980.90250.8840.8770.900

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