AUD/USD Technical Analysis July 13, 2011

The AUD/USD pair fell, but found support in the late hours of trading as traders bought it at a discount in the US. The pair looks like it will try to find footing at the 1.06 level, and that it could bounce. We like buying this pair on the dips, and as such – we like buying as long as the 1.05 area still holds.

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Forex Mansion