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Sunday, September 5, 2010

AUSUSD Weekly Musings


Last weeks candle ended with a nice move to the upside.
NFP numbers gave price a boost on Friday but it looks like alot of the move higher was already in place earlier in the week.
The end result is a strong looking bullish candle.

Interesting to note that price ended the week right a weekly chart trendline.
The strong weekly channel up is still in place but once again price is at resistance levels mentioned a couple of posts ago in addition to the aforementioned trendline.

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