Currency Analyst since 2010

SEB: AUD/USD finished correction

Analysts at SEB Bank claim that AUD/USD is now back on its way to $0.9200. The bulls have failed yesterday. The rejection from resistance was strong and the bearish candle engulfed the previous bullish one. The specialists consider the correction to the upside over and think that the underlying decline has resumed.


Chart. Daily AUD/USD

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