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Tuesday, February 2, 2010

AUD/USD Daily Candles


Hi All

The two candles previous to the one currently forming are showing some strong bullish action. Two candles back the daily candle formed a piercing pattern closing well up into the previous candle.Yesterday's candle is also bullish, with the close up over 50% of the days midpoint.

An added bonus to this pair for longer term bullish traders is the positive buy swap. This means that you get paid the interest differential on trades you hold overnite.

This is not a recommendation to trade! If you are trading use a demo account or know your risk.