By
Forex4you |
Forex | Jan 31, 2013 12:57PM GMT |
The recent strong bounce in the aussie hit resistance from the 50-day and has fallen back down. The overall trend is reversing and the pair will probably continue lower to 1.0344 as previously forecast. After that there is further support from the monthly and weekly pivots at 1.0295 and then the major trend-line at 1.0250. Any rebound is capped by resistance at 1.0490.
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