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Forexpros Daily Analysis - 25/04/2011

Discussion in 'Forex Daily News & Outlook' started by forexpros2, Apr 25, 2011.

  1. forexpros2

    forexpros2 Member

    Oct 20, 2009
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    ForexPros Daily Analysis April 25, 2011

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    Aud/usd made solid pull-back in recent sessions with a three wave retrace near to 1.0700 region. We must not ignore the larger trend, which is clearly up, so a current decline should be considered as a corrective move, with new highs yet to come. However, a little bit deeper pull-back is still possible, down towards 1.0650/80 region; previous fourth wave area before uptrend resumes.


    Forex Trading analysis written by Gregor Horvat for Forexpros.


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