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  1. #1
    Legendry Member milos's Avatar

    Aussie down this week! !!!

    Below 0.7140 look for further downside with 0.7015 and 0.6975 as targets.

  2. #2
    Legendry Member milos's Avatar
    The Australian dollar rose to a one week peak against the US dollar. The Reserve Bank of Australia left interest rates at a low level and signaled the possibility of further reductions in the future.

    It kept interest rates in November to a record low of 2%. It was in line with forecasts of economists. Bank Governor Glen Stevens said that inflation gives more space for further monetary policy easing.

    AUD/USD recorded the peak at 0.7218 and subsequently consolidated at 0.7160.The pair was likely to find support at 0.71120 and resistance at 0.7260.Below 0.7140 look for further downside with 0.7065 and 0.7015 as targets.

    Supports and resistances levels
    0.7295 resistance
    0.7260 resistance
    0.7225 resistance
    0.7155 last
    0.7120 support
    0.7065 support
    0.7015 support

  3. #3
    Legendry Member milos's Avatar
    AUD/USD under pressure with targets 0.7 and 0.6975 in extension.
    Supports and resistances levels
    0.7200 resistance
    0.7175 resistance
    0.7120 resistance
    0.7045 Last
    0.7000 support
    0.6975 support
    0.6935 support

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