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AUD/USD Technical Analysis for August 5, 2011

posted by Avatar FXEmpire 660 days ago in USD, AUD, Technical made popular 659 days ago

The AUD/USD pair fell apart on Thursday as traders ran from anything risk-related. The 1.05 area is starting to give way, and if they do – 1.02 will be in the cards almost right away. The pair is a risk-related one, as such will almost certainly fall whenever the stock markets do the same thing. If we find ourselves falling again, we are going...
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