Saturday, February 11, 2012

AUD/USD Test .88 Amid Risk Aversion

February 25, 2010 by · Leave a Comment 

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday and 2/12 lows. Speaking of 2/12 lows, investors should eye our 3rd tier uptrend line since it runs through these levels. Hence, a failure of our 3rd tier uptrend line could yield a retest of…

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