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Chart Of The Day: AUD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    A key carry-traded currency pair, AUD/JPY (the long-term weekly chart of which is shown) has just reached a critical support level. As the accompanying long-term chart displays, price action has been entrenched within a relatively well-established uptrend channel since at least mid-2004. With the exception of two accelerated bullish runs...

    complete article here...

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