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Good day forex traders and readers.
In the previous AUD/USD forecast we noted that the currency pair was bearish for the week. It managed to extend beyond 0.76 and was at 0.7510. From a technical point of view, that was a bearish indication. The currency pair was at a 6 years low.
Technical Analysis
Looking at the AUD/USD weekly chart above we note that the currency pair was bearish for the week. The forecasted bearish indication was spot on and I had a number of readers writing in of their successes. The AUD/USD is now below 0.75.