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FX.co ★ Technical analysis of AUD/USD for October 18, 2016

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Forex Analysis:::2016-10-18T14:21:55

Technical analysis of AUD/USD for October 18, 2016

The price has made a perfect push up to our take profit target from yesterday. We turn bearish below major resistance at 0.7667 (Fibonacci projection, Fibonacci retracement) for a push down to 0.7606.

The RSI (34) is right below major resistance.

Sell below 0.7667. Stop loss at 0.7691. Take profit at 0.7606.

Technical analysis of AUD/USD for October 18, 2016

Analyst InstaForex
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