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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.
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Forex Trading - AUD/USD Holding Technicals

Posted by Alex Chernomordin on Mon, 07/28/2008 - 6:22am in

The Aussie has held technical levels throughout the trading day. On the chart below you can notice the AUD/USD move toward the 61.8% retracement and bounce back to 50% and hold. The retracement analysis below is based on lows from June 12th and highs from July 15th.

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