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AUDUSD: Trapped In A Range With A Downside Bias

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 8, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    As failure off the 0.7269 level, its Jan 07'09 high drove the pair lower to test a low of 0.6286 the past week, AUDUSD continues to trade within its sideways trading now established between the 0.6008 and the 0.7269 levels. With the pair's rise off the 0.4476 level, representing its...

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