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Technical Analysis: Chart of the Day AUD/USD
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(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 4/21/2011 AUD/USD Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (4/21/2011) has risen dramatically to reach and surpass its 1.0700 price target, establishing a new record high just above 1.0770. This
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