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August 21, 2012

AUD/USD Advances After RBA Minutes and General USD-Weakness

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The AUD/USD has been in a declining channel as seen in the 4H chart below. But note that it remains above a rising trendline. After finding support at the rising trendline last Friday (8/17) at 1.0410, the AUD/USD rallied to start this week toward the channel resistance. After pretty much sideways... FF News: Technical

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