Forex Trading: AUD/USD Trading Between Moving Averages

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Forex Trading: AUD/USD Trading Between Moving Averages

By Greg Michalowski on December 23, 2008 | More Posts By Greg Michalowski | Forex News By FXDD

Without much direction for markets heading into year-end, we have been watching currencies range for the last few sessions. On the AUD/USD pair, the price has been within the 100 hour and 200 hour moving averages since the end of last week, and without any significant news or events, it could be safe to assume the pair will remain in this range through the end of the year.

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