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AUD/USD Forecast March 9, 2012, Technical Analysis

posted by Avatar FXEmpire 772 days ago in USD, AUD, Technical made popular 771 days ago

The AUD/USD pair rose on Thursday as the hammer from the Wednesday session triggered a lot of buying in this bullish market. The 100 day EMA is just below, and looks as if it has acted as support as well. The commodity trade should still be strong overall, and the Aussie will continue to benefit from it. The recent consolidation area looks like it
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