November 16, 2009 12:07 PM
AUD/USD - New 15-Month High
By jchen
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Price action to start the week on AUD/USD, a daily chart of which is shown, has just tentatively broken through to establish a new 15-month high for the pair, but only by a handful of pips thus far. This currency pair continues to operate within the context of a long-term uptrend extending from March. For more technical analysis on this currency pair, please click here for Monday's (11/16/2009) Chart of the Day.
- James Chen, CTA, CMT
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* Follow my intraday forex updates on Twitter: http://twitter.com/JamesChenFX" rel="nofollow" target="_blank
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