AUD/USD Technical Analysis for July 19, 2011

AUD/USD fell on Monday as the markets around the world fell and risk was shunned. The latter hours of the day saw buyers coming into the pair to support it, just as they have for quite some time now. The market is certainly an up trending one, and we like buying these kinds of dips as long as we are above 1.02 or so.

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Forex Mansion