Forex Technical Analysis 23.03.2015 AUD USD
FXTM Online Analysis Department.
AUD USD, “Australian Dollar vs US Dollar”
At the daily chart, Australian Dollar is attempting to form another ascending wave. If the market breaks the maximum of the first wave and forms a continuation
pattern where a descending channel was broken, the pair will start the fourth correctional wave with the target at level of 0.8730. However, an alternative scenario implies that the price may yet reach new lows.
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