aud usd weekly predictions for 4 to 8 jan 2016

aud usd weekly predictions for 4 to 8 jan 2016
aussie dollar pair this week closed at 0.7289 with gain.
AUD USD weekly chart trend
is down but momentum are now turned bullish.
For medium term , aud usd support zones are 0.7260 and 0.7125 levels.
On upside expect strong resistance at 0.7400 and 0.7560 levels.
For next week , aussie might continue this buying momentum
on upside 0.74 will be first target for this bullish breakout.
stop loss for long positions will remain below 0.7250.
 
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