We’ve been doing a lot of analysis on currencies who seem to have blown off too far versus the US dollar. And while Australia isn’t exactly running into the economic headwinds that are starting to blow through the economies in Europe, a chart of the Australian dollar speaks for it, perhaps screaming “Let me down!” Will the market let the Aussie come down, or keep driving it higher? The fact that the body of the current week’s price bar encompasses the body of the previous three weekly price ...
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