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Rabu, 24 Februari 2016

AUD/USD touches highest since Jan 3 then fades

Australian dollar down 12 pips to 0.7215

AUD/USD reached as high as 0.7259 earlier today but has faded alongside broad sentiment and commodities.

The turn ends a roughly 200 pips rally from 0.7068 since the start of the week. It was a rip from below support and quickly above the February highs. That kind of turnaround is a bullish signal.





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