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EUR/AUD

EUR/AUD

Thomas Long, Course Instructor

This daily chart shows a series of lower highs and lower lows which defines a downtrend. Last Friday, this pair printed a new 13-year low. It doesn't get much better than this when looking for a currency pair to trade. I would continue to look for selling opportunities in this pair as long as the market stays below the 1.53291 buy side high of February 25th.
 

euraud 030810

 

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