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AUD/USD - Rising Channel Breaks Above Declining Channel and Tests 1.0390 Pivot
Stocks, Unit trusts, Wealth Management and Forex markets
27-04-2012, 01:14 AM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,450
Potenza rep: 10
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AUD/USD - Rising Channel Breaks Above Declining Channel and Tests 1.0390 Pivot
The AUD/USD continued to rally past the 200-hour simple moving average as well as a declining channel resistance near 1.0350 after Bernanke’s speech yesterday. There was not much new to go on, but market chatter explains the USD-weakness by noting Bernanke is still open to using monetary stimulus measures to 
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