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AUD/USD Retreats to Channel Support and 0.94
38.2% retracement: AUD/USD traded up to 0.9527 before stalling. The 38.2% retracememt market was at 0.9510. As the week winds down AUD/USD is in a second day of bearish correction against the initial FOMC reaction and testing a rising channel seen in the 4H chart. Rising channel: The 4H chart shows price tagging the rising channel support as it tests the 0.94 handle. A the 9/20 US session gets underway, it is holding. A break above the 0.9460 high on the day can revive the bullish outlook toward at least 0.95 and the week’s highs around 0.9525. Failure to push above 0.9460 however keeps a near-term bearish ... (full story)
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- Sep 20, 2013 10:56am Sep 20, 2013 10:56am
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
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- Sep 20, 2013 7:04pm Sep 20, 2013 7:04pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments
ITS ABOUT THE CASH NOTHING ELSE.
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- Sep 22, 2013 1:29am Sep 22, 2013 1:29am
- shaukat113
- | Commercial Member | Joined Jul 2011 | 5 Comments
just live a life, don't be hard.