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August 24, 2012

EUR/AUD Retreats from a Key Declining Trendline

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The EUR/AUD has been rallying sharply, accelerating higher from an already rising channel noted in the previous update as you can in the 4H chart above. It is now seeing some resistance at about 1.2070. As the market shows overbought conditions in the short-term (with the 4H RSI above 70), a... FF News: Technical

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