AUD/USD Heads Higher Following RBA Rate Hike

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03-02-2010, 08:12 PM

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AUD/USD Heads Higher Following RBA Rate Hike

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/1, and 2/19 lows. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with February highs and the highly psychological .90 level.

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