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AUD/USD – Moves Higher to Within Reach of 1.05
In the last 24 hours, the Australian dollar has continued to nudge higher and move within reach of the 1.05 level and in doing so, setting a new nine week high. It has enjoyed a steady run higher in the last week as it has slowly broken through the short term resistance level at 1.0450 and the 1.04 level prior to that. Only a week ago, the AUD/USD had settled well by trading within a narrow range above the short term support level of 1.0360 and under 1.0400. For about a week, it met significant resistance at the 1.04 level having traded up to it for the first time in over a month. In the last few week, it has pushed ... (full story)
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