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February 9, 2012

AUD/USD – A Counter-trend Trade Plan As Bull Market Stalls

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The AUD/USD started the week giving back last Friday's gains. However, after the RBA meeting revealed that it left rates unchanged at 4.25% instead of the expected cut to 4.00%, the market bid up the AUD/USD, pushing it beyond 1.0800. It has since found resistance just below 1.0845. The market is... FF News: Technical

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