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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Cable fell during the day breaking below the Significant Support at 55-DMA (1.6420) mentioned earlier. However, it has once again risen after recording a low of 1.6390 and is now trading above the 55-DMA. If it continues to trade above the 55-DMA and gains upside momentum a strong break above...

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