August 6, 2014

Forex Forecast for Thursday (2014.8.7)

Today, we're looking at upward pressure on the AUDUSD with downward pressure on the USDJPY.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9333 to 0.9394

Bearish: USDJPY (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 101.57 to 102.21

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