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FX Trading Opportunities This Week by Nial Fuller - February 20th to 24th 2017

Mon, 20 Feb 2017 03:26:31 GMT

AUDUSD- Aussie/dollar uptrend intact The AUDUSD has been in an uptrend for well over a month now, and it moved up totest key resistance near 0.7730 last week. Price did pullback late last week,modestly, but ultimately we still see the bullish momentum as being intact andso we are looking to trade in-line with it. Our strategy of choice is to lookto be buyers until the uptrend is invalidated. Traders can look to buypullbacks in price whilst we remain above the recent support near 0.7500 -0.7520