AUD exchange rate

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AUD/USD, 26 Jan, 2012.

Bought USD on 22 July 2011.

At that point the AUD was significantly above its 200 day moving average.

However, it is evident that the AUD has remained for a long time above the 200 day MA. This vouchsafes the boom conditions driving the AUD.

But is this upward momentum faltering? If so, then there may be one more buying opportunity before a decline in the exchange value of the Australian dollar.

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