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Tuesday 16 February 2010

AUDUSD 16 Feb 2010

I've added another trade to the existing position, which has some profit locked in now. We are close to a Resistance area but I felt it was worth looking for a run up to that level with the promise of a breakout above it.

There is some Support being created after the big run up to.8957 so this may appear to be risky but I have often found this to be profitable in the past.
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