aud usd weekly-retracing towards 0.7250

AUD USD Weekly chart 9 april 2016 Aud usd pair this week closed with loss on profit booking at 0.7528.     Aud usd weekly chart price trend is down but momentum is bullish on account of short covering as well as recovery buying.     This week negative move suggest Aussie might test 0.7250 levels in upcoming week and then resume its recovery phase.     On upside 0.7580 and 0.77 are strong resistance levels.     for forex tips by sms and with follow up and support visit subscription page.

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Pramod Baviskar

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