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AUD/USD Moves Up Towards Parity

AUD/USD Moves Up Towards Parity

Thomas Long, Course Instructor

The move up through the 1.000 level is important if for nothing more than psychological reasons. It is not unusual for a market to make a couple of runs to this price level before moving through. The AUD/USD uptrend is strong and I would continue to look for buys as long as the pair remains above the .95405 low noted on the chart.

AUDUSD_body_70565d1288014148-trend-day-audusd-1025.png, AUD/USD Moves Up Towards Parity

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