AUD Trading Outlook (29-07-2015)
AUDUSD
Pivot: 0.729
Likely scenario: Long positions above 0.729 with targets @ 0.7355 & 0.738 in extension.
Alternative scenario: Below 0.729 look for further downside with 0.7255 & 0.723 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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