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Thursday, 02/14/2008 8:50:22 PM

Thursday, February 14, 2008 8:50:22 PM

Post# of 378

01:48 AUD/USD: Bouncing After Bids Ahead Of 0.9000 Hold For Now Sydney, February 15: The AUD/USD has managed to hold the 0.9000 level after getting sold down investment banks in early trading. Standing bids ahead of 0.9000 from an assortment of names, including option related, have absorbed the selling and helped the pairing bounce back to 0.9020. Hourly resistance is found at 0.9040. Asian stock markets have recovered some of the ground lost earlier in the session and this is relieving some of the downward pressure on the AUD. The AUD/USD trades 0.9017/22.

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