Monday, June 20, 2011

AudUsd : Triangulated . Await breakout !

Snapshot Summary :
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. Central banks diversifying out of US Treasuries.
. Russia has pledged $5b
. Seeks solace in Aussie Bonds.
. Putting more fx pressure on Aussie companies.
. With RBA intention to increase rates .
. Looks like AudUsd is a bullish bet.

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