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29 Sept 2014 AUD/USD Analysis

29 Sept 2014 AUD/USD Analysis

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD The Australian dollar trades the lowest against the greenback since the lowest in Jan 2014

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD Heading towards support of 0.87, the lowest since Jan 2014

AUDUSD, AUD/USD, Aussie, Aussie Dollar, Australian, RBA, Reserve Bank of Australia, AUD The trendline acting as the resistance shows a steep decline and no signs on technical indicators for a rebound

The constant emphasis on the “overvaluation” and “unsustainable” rates for the Australian and New Zealand dollar currently affects the market trend for one another, often moving in tandem as they seek to keep exchange rates low. As the New Zealand dollar falls below 0.80 against the U.S dollar and below the 200 week average, the Australian dollar looks on track to reattain the year’s low.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish0.866 0.8740.8770.8870.8950.9

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