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AUD/USD Classical 14/10/2010
Written by article default Thursday, 14 October 2010 07:42
AUD/USD: This uptrend has been relentless and unforgiving to any who attempt to fade it. Still, with the daily RSI now by 80 and the market at post-float record highs, any additional upside beyond major psychological barriers at 1.0000 are seen limited, with the greater risk for a material pullback from the figure. Aggressive traders can look to fade moves to parity, while conservative players can wait for confirmation and sell on a break back below 0.9830.
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