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August 14, 2012

EUR/AUD trading near range resistance; double bottom?

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The EUR/AUD is coming off a record low at 1.1605 and has been in a sideways market during August as shown in the 4H chart. Note that the RSI reading in the 4H chart is at 60. A break above suggests loss of the bearish momentum that has held the market since this current bear run that started at the... FF News: Technical

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