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I too talk about it a little. AUD now is going up apparently. In addition, It had just broken up the Down trendline at 0.8076 (AUD/USD), so in the short term, technically, AUD will not go down.
However, globally, all the currencies including EUR/USD are fluctuating with no clearly direction. They are all waiting for the sentisive news released from US. Therefore, if AUD is resisted at 0.8252, there is a huge posibility pulling back to 0.7715, but this I think will take 23 days. and at this point it should be a good time to buy AUD... however, if AUD breaks up 0.8252, it will not go back that easy until 0.8525 (another resistance)...
sorry guys, i want to paste the chart here, but i have no idea how..... |
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