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July 30, 2012

EUR/AUD Breaks Flag Pattern into Fresh Record Lows

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The EUR/AUD has been extending deeper into the abyss (record low territory) since the beginning of July. It held above 1.17 for a correction in a flag pattern, seen in the 4H chart. But once again, the RSI remained below 60, a sign that persistent momentum continues to build to the downside. As ... FF News: Technical

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