AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line on 4-hour chart. Support level is at 0.7365, only a breakdown below this level could trigger another fall … Continue reading "AUDUSD Daily Analysis – May 16, 2017"
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