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Thomas Long, Course Instructor

The AUD has been the strongest currency since the beginning of this move right after the start of 2009. A series of higher highs and higher lows confirms the uptrend. That uptrend will remain intact as long as the market stays above the .8904 low of November 2nd.


I would continue to look for buying opportunities on the AUD/USD as long as this pair remains above the .8904 level.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.