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July 18, 2012

AUD/USD Channeling to New Highs Since May

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The AUD/USD continues to trade in an upwards channel seen in the 1H chart. It just pushed through July's high at 1.0327, and into highs now seen since the beginning of May 2012. The RSI has been tagging 70 and remaining above 40, a sign of persistent momentum, but we already can tell by the way the... FF News: Technical

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