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> Technical Analysis 2017.08.15 - AUD/USD
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Technical Analysis 2017.08.15 - AUD/USD

STO

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Current trend:
AUD/USD seemed to be flirting with resistance level set at 0.8000-0.8100 last month when consolidation started. AUD started losing against USD while this correction was happening. Statements coming out of the Reserve Bank of Australia on Monday created uncertain while indicating towards the imminent loosening of its monetary policy.

Markets will be looking forward to US import and export price indices and retail sales both of which are expected to grow will be released at 14:30 GMT+2, US securities total volume of sales is scheduled at 22:00 GMT+2 and the US oil stocks report is due at 22:30 GMT+2.

Support and resistance:
AUD/USD Support levels: 0.7710, 0.7750, 0.7830.

AUD/USD Resistance levels: 0.7900, 0.7950, 0.8010, 0.8090.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170815-audusd/?camp=24219
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