AUD/USD gyrated lower last week and the development suggests that deeper correction is underway. Further fall is expected as long as 0.7762 minor resistance holds, to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. On the upside, above 0.7762 will bring retest of 0.7819 high. In the bigger picture, whole down trend from 1.1079 (2001
The post AUD/USD Weekly Outlook appeared first on Action Forex.
AUD/USD gyrated lower last week and the development suggests that deeper correction is underway. Further fall is expected as long as 0.7762 minor resistance holds, to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. On the upside, above 0.7762 will bring retest of 0.7819 high. In the bigger picture, whole down trend from 1.1079 (2001 […]
The post AUD/USD Weekly Outlook appeared first on Action Forex.