Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading - AUD/USD New Pivot

Posted by Alex Chernomordin on Thu, 07/24/2008 - 4:54am in

Aud/usd

The AUD/USD has continued through the 96 handle earlier in trading as commodities continue to trade lower. The 96 handle continues to be a key level, as we straddled that point throughout the trading day. Another break through on commodity sell offs and/or a stronger USD could provide a push toward support.

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