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Technical Analysis
INTRA-DAY AUD/USD OUTLOOK by AceTrader
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[QUOTE="andy003, post: 2120, member: 245"] The Aussie (AUD/USD) broke on Thursday above the 200-day moving average for the first-time since August 2008 and simultaneously reached the maximum valuation since October 2008. However, the moment was short-term because the Aussie as the rest of the major currencies saw strong selling orders during the US and the European session. At the end of the day, the Aussie formed a pin-bar. During the Asian session, the Aussie rose 30pips as it jumped off the 200 day moving average. [/QUOTE]
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