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AUD/USD Breaks Out

posted by Avatar jameschen 527 days ago in USD, AUD, Technical made popular 527 days ago

AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/01/2010) has broken out above several resistance levels, establishing a new 3-week high in the process. This occurs after price action broke out above an important parallel downtrend channel last week, corrected back down to re-test key 0.8850 area support
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