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Friday, 20 November 2009

Barclays Capital: break the trend line in the pair AUD / USD will lead to a deeper correction

As the currency analysts Barclays Capital, commodity currencies are traded today, under pressure, however, the Australian dollar took the brunt. Pair AUD / USD tested support trendline at 0.91, setting a two-week minimum at 0.9060, but then rebounded somewhat. The bank's strategy pay attention to the fact that the trend line from the March lows so far been a reliable support in the pair - a breakthrough that line will lead to greater downward correction AUD / USD. At the moment pair AUD / USD traded at 0.9115.

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