AUD/USD Bounced From 7340/50 After The Top At 7373

By Jason Sen ForexJan 10, 2017 06:35AM ET

www.investing.com/analysis/audusd-daily-forecast---10-january-2017-200172006

By Jason Sen | Jan 10, 2017 06:35AM ET

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AUD/USD Weekly Chart

AUD/USD bounced from 7340/50 after the top at 7373 with a recovery this morning we look for a test of that important longer term resistance at 7380/90 for an excellent selling opportunity.

**A high for the recovery is expected here.** Try shorts with stops above 7430. The longer term bear trend should resume from here.**

However, a sustained break above 7410 means the important resistance has been broken. This is a short term buy signal targeting 7440/45 then 7460/65. Below 7340 is more negative and targets quite good support at 7325/20. Below 7300 risks a slide to 7260/55.

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Central Banks

Interest Rates

Next Meeting

FED

1.25%

Jul 26, 2017

ECB

0.00%

Sep 07, 2017

BOE

0.25%

Aug 03, 2017

SNB

-0.75%

Sep 14, 2017

RBA

1.50%

Aug 01, 2017

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0.75%

Sep 06, 2017

RBNZ

1.75%

Aug 10, 2017

BOJ

-0.10%

Sep 21, 2017

CBR

9.00%

Jul 28, 2017

RBI

6.25%

Aug 02, 2017

PBOC

4.35%

BCB

9.25%

Jul 26, 2017

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EUR/USD	1.1713	+0.0036	+0.31%
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AUD/USD Bounced From 7340/50 After The Top At 7373

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