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AUD/USD Testing Trendline Support, 1.0550 Is Next Key Pivot

Stocks, Unit trusts, Wealth Management and Forex markets


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Old 20-03-2012, 12:42 PM
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Default AUD/USD Testing Trendline Support, 1.0550 Is Next Key Pivot

The AUD/USD showed a strong rally on 3/16 breaking above a declining trendline, signaling a bullish reversal to the March bull-run. To start the 3/18 trading week, the market pushed to another high but stalled after touching 1.0635. There was a bullish engulfing candle immediately formed after the RBA minutes

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