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AUDUSD Technical Analysis

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Daily technical analysis based trade tips and ideas for forex AUDUSD. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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AUDUSD holding below first resistance at 7900/05 (we topped exactly here) should eventually target 7845/41.
Today's Analysis
11 August 2017 Updated at 00:55am GMT
AUDUSD topped exactly at first resistance at 7900/05 & should eventually target 7845/40, perhaps as far as 7810/00. Exit shorts & try longs here with stops below 7775.

First resistance at 7900/05 but shorts need stops above 7920. A break higher targets minor resistance at 7955/59 with minor resistance again at 7997/8000. Above here allows a recovery to towards the high last week at 8065. Bulls need a break above here this week to disregard the negative signals & for a buy signal targeting 8095/99 & quite strong resistance at 8165/70 for some profit taking on longs.
Technical Analysis AUDUSD