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AUD/USD Technical Update 15/1/2012
Australian Dollar/U.S. Dollar Technical Update 15/1/2012 The recent Forex relative strength charts (not to be confused with the RSI indicator) are showing that the Aussie dollar is at present the strongest individual currency, from the majors, when referencing monthly and weekly timeframes and only topped by the neighbouring New Zealand dollar on the daily timeframe. With this in mind it is interesting to see the 4 hour charts giving a pattern closely resembling an ascending triangle. A sustained break above the horizontal resistance would be in-line with the higher timeframe trend. There is of course the danger that ... (full story)
