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Forex Trading: AUDUSD now approaches support in up and down day.

Posted by Greg Michalowski on Wed, 08/20/2008 - 10:33am in

The AUDUSD held the resistance at the 200 hour moving average (see earlier post) and now tests the support at the 100 hour moving average of 0.8690.  The markets are volatile as volume seems to light and trade is dominated by short term traders who are getting whipped around. 

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