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AUD/USD Signals Bearish Continuation with Pennant Breakout

posted by Avatar FXTimes 325 days ago in USD, AUD, Technical made popular 325 days ago

The AUD/USD topped off a sharply rally attempt during the 6/28/2012 European session when the EU summit got underway. The EU summit is disappointing so far, and risk aversion is pushing the USD up while pressuring commodity currencies like AUD, NZD and CAD. As the 6/28 US session got underway, we have participation in this risk-off trading...
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