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Aussie continues relentless grind higher

By Jamie Coleman  || June 2, 2009 at 14:38 GMT
|| 2 comments || Add comment

The potential for lower rates ahead in Oz?  Traders couldn’t care less. As long as a global economic rebound looks likely, Australia is perceived as one of the big winners given Neighboring China’s appetite for raw materials.

0.8200 barriers are the near-term target while congestion on the charts beginning around the 0.8275 level could slow the impressive climb. Bids are at 0.8150 and 0.8115 on dips. We trade now at 0.8186.

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2 Responses to “Aussie continues relentless grind higher”

  1. Aussie continues relentless grind higher | ForexLive | Learn Forex Live on June 2nd, 2009 20:03 GMT

    [...] posted here: Aussie continues relentless grub higher | ForexLiveSHARETHIS.addEntry({ title: “AUSSIE CONTINUES RELENTLESS GRIND HIGHER | FOREXLIVE”, url: [...]

  2. Parejas Follando on August 4th, 2009 11:04 GMT

    hm. luv it )



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