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AUD/USD Forecast May 16, 2012, Technical Analysis

posted by Avatar FXEmpire 371 days ago in USD, AUD, Technical

The AUD/USD pair attempted to rally on Tuesday, only to fail and fall further. The resulting candle from the session is a shooting star, and it is formed at the bottom of the down move we have seen over the last couple of weeks. This suggests that we are going to continue to fall in this pair, and as the Aussie dollar is one of the world’s favorite
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