AUD/USD Technical Analysis for April 21, 2011

The AUD/USD has reached and moved beyond our projected 1.07 target today, as the bulls keep buying this pair. Certainly it looks like a pullback could be needed – but selling isn’t an option. Simply wait until the pullback happens in order to get involved in the bullish market again. There are several support levels below, including the 1.05, 1.04, and 1.02 levels.

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