AUD USD forex weekly technical report for 9 to 13 may 2016

AUD USD forex weekly technical report for 9 to 13 may 2016 Aud usd forex weekly chart technical analysis   Aud usd forex pair this week closed with huge loss. US dollar is rising after fall against Aussie dollar. Strong profit booking seen in aud.   My personal short tgt of 0.7350 is achieved now expect next tgts around 0.7150 and 0.6940.   Recovery rally on weekly chart is faltered and this fresh weak move might set new low.   Aud usd monthly chart suggest high probability of fresh low around 0.67 to 0.65 in medium term if 0.77 level does not get violated.

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Pramod Baviskar

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