AUD/USD Morning Technical Report 22/8/2014
ecPulse
2014-08-22 08:05AM UTC
The pair has retraced and is currently trading above 0.9300-0.9310 regions once again. Passing over moving averages and 23.6% Fibonacci retracement level may bring further upside recover, but bulls should clear 0.9340 first where a cluster resistance exits. In result, we will be neutral, while watching out the price behaviors near between 0.9340 and 0.9275 to see whether traders will take the pair towards 0.9400 or 0.9230 once again.
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