EUR Trading Outlook
TECHNICALS: There is a very strong downtrend in control in the AUD/USD (see chart) but prices stalled on a number of occasions just above .9160 so we may get some minor retracements in this heavily oversold market. Resistance levels are fairly light until 1.0310/25.
TECHNICALS: The AUD/USD bear trend remains in control but it has been levelling out over the last few sessions. The secondary trend line (see chart) is forming a cap of sorts near .9600 and this must be respected. Support levels start around .9430. Play the edges of this range but the bearish bias remains.
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