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AUD/USD Classical 03.24

AUD/USD Classical 03.24

2010-03-24 05:43:00
Joel Kruger, Technical Strategist
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AUD/USD: Despite the latest surge back above 0.9200, we retain a bearish bias and look for the market to top out somewhere in the 0.9200’s ahead of a major bearish resumption. The key short-term level to watch below comes in by 0.9090, and we would recommend looking to play a break back below this level in anticipation of some fresh declines.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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