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28 Mar 2014
AUD/USD: Australian exporters fueling the rally?
FXStreet (Bali) - Talk has it that Australian exporters and Japanese buying are to blame for the latest frenzy buying in the Aussie, which rose from 0.9254 to currently threaten 0.93, only 5 pips away. The next technical resistance will be found at 0.9330, which represents the 61.8% fib retrac of the Oct-Jan decline.