AUD/USD Eyeing 0.7000
Gregor Horvat | Jul 01, 2016 05:12AM ET
AUD/USD has made a nice impulsive fall from 0.7646 region, where wave 2 might finally completed a complex corrective pullback, known as a double zig-zag. For now price bounced up from the lower side of an upward channel but ideally only for a sub-wave 2) rally, so we think that market could continue south this week for strong decline towards 0.7000 but after 0.7280-0.7300 support area is broken.
AUD/USD, 4H
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