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10 Apr 2015
AUD/USD support at 0.7586 halts the bears – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the technical outlook for AUD/USD, viewing that the pair might attract buyers for now.
Key Quotes
“This currency pair is moving in an downward trend channel since the beginning of August. Not at least a strong U.S. data helped the bears to take control.”
“The support line at 0.7586 has stopped the depreciation of the Australian dollar.”
“The MACD is moving under the Centrer line in the oversold currency area, towards the middle as a possible signal for buyers.”
Key Quotes
“This currency pair is moving in an downward trend channel since the beginning of August. Not at least a strong U.S. data helped the bears to take control.”
“The support line at 0.7586 has stopped the depreciation of the Australian dollar.”
“The MACD is moving under the Centrer line in the oversold currency area, towards the middle as a possible signal for buyers.”