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02.03.201218:36 Forex Analysis & Reviews: AUD/USD Sell Bellow 1.08 for March 02, 2012 (Daily Strategy)

Long-term review

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The AUD/USD pair

Yesterday the AUD / USD pair again has faled to close above the resistance level 1.08 W_R1. Thus, this morning during the American session we could observe the bearish reversal signals, Therefore, at current levels SELL-deals are recommend selling with the level 1.0484 (W_S2) seen as the medium-term target.

Range indicator is located in the area 98 indicating the oberbought character of the aussie due to the release of the Australian fundamental data.

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