AUD/USD Technical Analysis for the Week of July 25, 2011

AUD/USD rose this past week, and broke above the 1.08 mark, which is what we have been waiting for. The pair should find support at 1.08 on a pullback, and could even be bought on a break higher than the week’s highs. The pair is in a massive bull market, and there is nothing to suggest that will change. We buy dips, and breakouts above the 1.05 line.

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