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Forex Weekly Scenario
|Currency Pair||Analysis for the week: 11th August to 15th August 2014|
|EUR/USD||There is a high probablity that while below 1.3423 it is more likely to fall further towards 1.3353 level.|
|GBP/USD||The Approximate support zones are at 1.6772 or 1.6733 should hold the downside for a correction to above 1.6855 zone.|
Current fall is near an end of wave around 170.67 zone, a rally should then procede to above 171.88 or Above. Fall below 170.09 would cancel this scenario.
|GOLD||It should trade higher to 1328.64 while 1305.65 or 1297.11 offers support. Stop loss below 1288.58 zone.|
|AUD/USD||It looks set to visit further lower territory down to around 0.9259 - 0.9220. Its corrective attempts should fail ahead of 0.9326 - 0.9355. Stop loss above 0.9432 zone.|