AUD/USD Technical Analysis for July 20, 2011

AUD/USD rose on Tuesday as the markets embraced risk overall. The sentiment is changing every 15 minutes it seems these days, and this pair is a perfect illustration of that fact. It appears that we need to clear 1.08 in order to continue toward the all0time highs again, and until we break that level – we are sitting tight, or perhaps buying dips as they come.

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Forex Mansion