The Australian Dollar rallied to close at 0.6526, surpassing the upper boundary of a right triangle formation that had contained prices since early January. This coincides with a downward break in the broader US Dollar Index, which slipped to close below support at intersection of 2008 high and rising trend line based from 12/18/08 low. We now exit our AUDUSD short position at 0.7079, booking 578 pips in profit.
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