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AUDUSD Weekly Technical Analysis 25-29 January, 2016 | January 24, 2016



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Audusd has rejected from near term resistance level at 0.7040. A bearish rejection pin bar has been formed on that level. On the next week, we should look for a big bearish candle to sell on this pair. Stop loss will be above the 0.7040 area, target will be 0.6900 level.


On the chart, we can see that this pair has pulled back from lower support level. So 0.6825 level is now strong support for this pair. If we find this pair on that level, then we can go for buy on this pair for long term.


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