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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2015

By:

High:  Low: 

The pair last Friday made a new multiyear low and might continue its negative long term trend considering that this bearish wave just started after the rate traded in a range for 1 month. Below 0.72 it might test 0.70 and then 0.6834, a level traded back in 2009. Above 0.7332  AudUsd might reach 0.7434 and then test the supply line generated 3 months ago when the rate spiked at 0.815.

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