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Forex technical analysis: AUDUSD trades at new day lows

Discussion in 'Technical Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Correcting lower after yesterday's post cut squeeze Yesterday the RBA cut rates. The AUDUSD fell initially and then squeezed higher. The price traded at the highest level since July 15 - getting close to trend line resistance on the daily chart in the process.

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