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Showing posts from December, 2014

AUDUSD

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Technically the Aussie looks oversold. AUDUSD shows a nice level from which it could pop back to the ~0.85/0.8625 level. Aussie also reached a support level against the Kiwi: The Aussie's decline is fundamentally congruent with the beaten down commodities (oil, silver). If the trend persists and the dollar keeps strengthening the next level and chance for a AUDUSD long will be around 0.7720.