Today, many USD and JPY pairs were volatile during the NFP release. However, AUD/USD did not, so it was unaffected by this event risk. The AUD/USD pair has corrected its downswing to 0.83 but has stalled at 0.85. Looking at the daily and 4H chart, this correction does not show
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AUD/USD Avoids NFP Volatility; Stalking Correction Rally
– July 2, 2010Posted in: Forex Technical Analysis