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Fundamental Analysis
AUD/USD
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[QUOTE="HotForexsignal, post: 159523, member: 58463"] [B]AUD/USD Weekly Price Forecast Australian dollar falls hard for the week[/B] The Australian dollar fell rather hard during the week, crashing into a major withdraw underneath. However, Friday was rather in agreement looking, in view of that, it seems as if we are going to locate a potential bounce, an unexpected term. The Australian dollar fell a bit during the week, crashing into the 0.7050 level, which is a place that has shown rather significant retain. Beyond that, we have earsplitting desist near the 0.70 level that extends by the side of to the 0.68 handles. In postscript words, I think what the longer-term trader is going to see for is going to be some type of in agreement candle secure just below to begin getting long following more. The daily chart does vent an immediate-term bounce, but the longer-term chart suggests that maybe we obsession to locate buyers in this place. We are still finding a lot of bearish pressure, but I am still focusing going around for that immense hammer which is at an area that has been important upon monthly charts. [/QUOTE]
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