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FX.co ★ AUD/USD Around the Down Trend Line. May 27, 2011 (Daily Strategy)

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Forex Analysis

2011-05-27T12:21:45
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AUD/USD Around the Down Trend Line. May 27, 2011 (Daily Strategy)

AUD/USD Around the Down Trend Line. May 27, 2011 (Daily Strategy)

AUD/USD

The technical picture 4 hours, the Australian dollar is testing its downtrend line, if the price closes above the trend line, our option would continue to buy, but if it fails to close above this level, the other option is to sell to the level of 1.0530 U.S. dollars per Australian dollar.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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