Chart of interest: AUD/USD end 07-Sep-2007

September 8, 2007 – 7:38 am

I am still holding my long positions of Aussie pairs. Looking at the chart , we are approaching resistance area which is the combination of previous high and 50-day moving average. Aussie dollar managed to close above 200-day moving average most of the week.

Well, I am still stubborn. Long Aussie at the moment.  Have a good weekend ahead. It spring in Melbourne. What a beautiful Saturday!

From the desk of Tradergav.com


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