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Mid Term charts for pairs with the AUD

January 29th, 2010 Introspex

Market bulls could make an appearance today, and the AUD has recently weakened to where it is trading at the extremes of support and resistance within its pairs.  Look at the Mid Term ranges and then watch the little lights.  AUD strength will be counter the more recent trend, so smaller positions and nimble trade management is in order.  Bulls in the equity markets are needed, and commodity currencies may receive some selling pressure from speculation that demand for physical commodities may be reduced if a forewarned downtern in the markets materializes.

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