Peter Marsden's Forex Blog

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Aud/Usd update 2

March 20th, 2008 · No Comments

aud-usd-update-2.gif

The weekly chart is very bearish. March is correctional month annually. The green 22 sma is acting as support for now. If broken, we will see the red horizontal trendline at .8876 area, or the white weekly trendline bottom at the 38 fib (.8800 area).

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