Tuesday, July 27, 2010

Forex Trading: AUD/USD Continuing Higher

stock photo : Forex trading and gold coins symbol 3d illustration

The AUD/USD pair broke the 61.8% retracement last week and the 200 day moving average the last session and is showing no signs of slowing in the near-term. The pair is approaching some resistance below the 91 handle, while it grinds higher against the resistance trendline, where a break of both could push the pair to retrace the April highs.

audusd2


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