Bullish signals for AUDUSD on the week and for Thursday have been confirmed, investors buying the market yesterday to post a 5th higher daily low & high in a row and a gain of ½ Big Fig on the day. There is no sign that the demand to buy dips is ending, but with intraday sentiment much overstretched pullbacks must be expected. Against this background the outlook for Friday is to buy only modestly on the open and then at .8090 with a stop loss at .8042, today’s Asia low. Targets are to .8135, .8163, the May 2015 top and .8220.
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