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November 19, 2012

AUD/USD Pulls back to 1.04 Pivot Area

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Pullback: The AUD/USD broke below some key rising trendlines last week, but was not able to sustain a break below 1.03. The 4H chart shows a small bottom around the 200-4H SMA, along with a bullish divergence with the RSI, after which the market pulls back to 1.04. This is a key pivot area, the 1... FF News: Technical

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