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    AUD/USD: technical analysis on 20.02.2015

    This week can be considered as favourable to the Australian dollar. Yesterday, AUD/USD approached again a resistance level of 0.7850 that has not been allowing the pair above for a long time.  However, the pair failed to consolidate at that level and got back down to 0.7760  almost immediately. The pair is currently under correction and tries to get back to local maximums. 

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