Technical Analysis: AUD/USD 2012.03.13

  The pair is trading below the 50-Day SMA, so we look for an additional setback towards the 1.0370-1.0400 support area, right where the 100-Day SMA and the 200-Day SMA reside. Only a break and consolidation back above the 50-Day SMA could trigger a bullish resumption towards the 1.0850 resistance.    

Edward Smith, technical analyst of company Admiral Markets.

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