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AUD/USD Reaches for Decades-Long High
AUD/USD (a daily chart of which is shown) as of Wednesday (12/29/2010) has risen to approach the extremely long-term, decades-long high around 1.0180 that was just hit in early November. This bullishness occurs within the context of a clear parallel uptrend channel extending from the mid-year lows. From a currency strength perspective, the Australian dollar has been among the very strongest of the major currencies for the year 2010 ...