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August 8, 2012

AUD/USD Flattens; Has 1.05 and 1.0440 in Sight

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So far this week, the AUD/USD has been flattening out against a rally that goes back to the June 1 low of 0.9590. It is finding resistance just below 1.06 (at about 1.0595), a psychological resistance as well as a previous support pivot for a consolidation period during February. We noted this... FF News: Technical

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