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AUD/USD technicals: Long term outlook still undecided

By   || September 1, 2010 at 21:42 GMT
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audusdwklyIt can be beneficial to take a step backwards and look at the overall picture. The weekly chart shows some strong resistance at .9400 and a more recent bullish trendline coming in around .8800. I’d expect these parameters to hold for the next few weeks and playing as close to the edges as possible seems like a sensible strategy.

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