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AUD/USD forecast for the week of October 26, 2015, Technical Analysis
Updated: Oct 24, 2015, 04:43 GMT+00:00
The AUD/USD pair fell slightly during the course of the week as we continue to meander around the 0.72 level. With that being the case, the market looks
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The AUD/USD pair fell slightly during the course of the week as we continue to meander around the 0.72 level. With that being the case, the market looks as if we are essentially just bouncing around in this general vicinity. Ultimately, we think that the market has quite a bit of support below, but it also has a significant amount of resistance above. Quite frankly, longer-term traders will have a hard time trading this particular market as the risk to reward ratio just is not pair at the moment.
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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