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Wednesday, September 10, 2008

AUDUSD Support

The AUDUSD has been coming down since the 15th of July quite heavily but now it has hit a previous support/resistance level at the figure 0.8000. Looking at MACD and keeping an eye on CMO we could see a reversal but this trade will be against the current trend so a filter will be needed to confirm the reversal.














AUDUSD forex chart from Advanced Get
Good trading