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AUDUSD - Target 2 Achieved - Interesting

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDAUD, Daily I first posted on the March 23rd on the strengthening Australian dollar as commodity prices covered from their early year nadir and the negative sentiment (for now) over China began to wane. The news flow from Australia continues to be received in a positive light and the good jobs data last week helped the pair get very close to Target 2, before finally closing above it yesterday. This trade is a good example of the cycles within cycles that occur on the currency markets and

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