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AUD/USD Technical Analysis for the Week of August 8, 2011

posted by Avatar FXEmpire 656 days ago in USD, AUD, Technical

The AUD/USD pair fell extremely hard this past week as traders shed anything remotely related to the “risk on” trade. The pair is currently sitting at the 1.04 – 1.05 support area. The pair would become a sell if we can break below the lows of this past week. The pair will find more support at 1.02, so this trade could be short-lived. If we bounce
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