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Home » Forex Trading: AUDUSD makes a new high

Forex Trading: AUDUSD makes a new high

Posted by Greg Michalowski on Fri, 05/16/2008 - 10:54am in

 

The AUDUSD made a new high and tested the top of the wedge trendline at 0.9556.  The currency has benefitted from higher commodity prices and the flow of funds into the "carry trade". 

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