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FX.co ★ AUD/USD - Key Level 0.9165 - daily strategy for July 25, 2013

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Forex Analysis:::2013-07-25T15:36:44

AUD/USD - Key Level 0.9165 - daily strategy for July 25, 2013

The Australian dollar is negotiating in the exponential moving average of the last 15 days. It means that this could be the last support left to the pair, as since June 21 it has been unable to break the area of daily fractal 0.9324. Yesterday at the beginning of the Asian trading session it performed the last attempt to break this level, but failed again. Now in the (EMA 15), which is a key area, if this level is broken, the fall could be quick to support daily fractal 0.8903. At the level of 0.9040 there is weekly support, which could slow the fall. Therefore, we recommend taking the following suggestion as shown in the graph.

AUD/USD - Key Level 0.9165 - daily strategy for July 25, 2013

If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com

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