Australian Dollar Breaks Triangle Resistance, Take Profit on Short Position.Summary: The Australian Dollar Noun 1. Australian dollar - the basic unit of money in Australia and Nauru dollar - the basic monetary unit in many countries; equal to 100 cents rallied to close at 0.6526, surpassing the upper boundary of a right triangle formation that had contained prices since early January January: see month. .... 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 intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. 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. Related Article: US Dollar Breaks Below Support - Take Profit on Half of EURUSD EURUSD Euro to US Dollar (foreign currency exchange) Short Position 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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