6th February 2015 – Technical Outlook

AUD/USD

FROM HERE: Given NFP tonight, should still trade the range until then 0.7738 to 0.7815 with bias on downside (pre-NFP)

BUT: can consider shorting below 0.7738 to target 0.7686 or long above 0.7850 if both broke convincingly

COMMENT: Taking NFP out of equation, the pair looks like experiencing retracement towards 0.7937 target

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