AUD/USD Pullback to Trend Line Creates Buying Opportunity

January 13, 2012 by stanh  
Filed under FX News

The pair pulled back to bullish trend line support earlier today, yielding another opportunity to buy ahead of an anticipated rally back to critical resistance at 1.0380 early next week. A massive Dragonfly Doji, on the 1hr chart shows that bulls are ready and willing to buy the unit on any short-term dips.

Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT

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