AUDUSD broke below 0.7875 support and is now in downtrend from 0.8065. Near term resistance is at the falling trend line on the 4-hour chart. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800 area. Only a clear break above … Continue reading "AUDUSD Daily Analysis – August 9, 2017"
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