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AUD/USD up on intraday short-covering

AUD/USD up on intraday short-covering

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Sean Lee
11/04/2012 | 02:26 GMT

The market was able to soak up all the heavy selling near 1.0230 and now we are seeing some intraday short-covering as the bears give up for the day. Other pairs are moving a bit alongside but it’s really been all about the Aussie again today.

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