AUD/USD races higher after breaking 200-day moving avg for first time since 2014

Discussion in 'Technical Analysis' started by ForexLive, Mar 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    AUD/USD up 116 pips to 0.7290 The Australian dollar is by far the best performer today. There are two big reasons why: technicals and fundamentals. Technically, the break above the February highs and 200-day moving averages are like Popeye's spinach for the bulls.

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