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25.05.201110:40 Forex Analysis & Reviews: AUD/USD Strong Support 1,0418 May 25, 2011 (Daily Strategy)

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 25.05.2011 analysis

 

 

AUD/USD

A look on graph of the Australian dollar – United States dollar pair, is directed to its second weekly support around 1.0418, this strong support will return the pair to 1.0620 levels.

A decrease to that level would create a buy opportunity, who would return to the weekly pivot  around the  level of 1.0624  United States dollars for one Australian dollar.

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