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Tuesday, March 08, 2011

SquawkBox - Squeeze and more squeeze...

As of today, AUD/USD continues to squeeze itself out. With the support trend line holding price movements within its space. It might not be ready to break out tonight if it turns towards the upper resistance to continue the squeeze.

As mentioned, tough day to make decisions and it will continue for the rest of week. Do not make harsh decisions and if you are going for it, get out fast.

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