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AUD/USD: Bear Bias

Published 09/02/2014, 03:12 AM
Updated 12/12/2023, 05:55 AM

AUDUSD bear bias

We stated in our last report that “push back towards minor support at .9328 leaves risk through here into early September and lower for .9300 and .9272”.

The push through the higher supports leaves risk to .9272 into midweek, having again failed back from .9375 resistance.

For this week, the threat is to the August lows at .9240/38 and the risk below .9240/38 is to the key .9208/00 area, through which would signal a still more bearish shift.

WHAT CHANGES THIS?

Above .9346 eases bear risks; through .9375 signals a neutral tone, only shifting positive above .9472.

Download our full report with latest screencast and levels here:

4 Hour AUD/USD Chart

Daily AUD/USD Chart

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