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long aud/usd

Posted: Mon Oct 27, 2008 4:28 pm
by jd0616
I am a beginning trader..I am long the aud/usd..running a daily fib retracement it looks like a stone cold buy to me..but it seems it just cannot muster any sort of rally...I am sure it has to do with global recession concerns, but shouldnt there be some sort of short cover???

thanks
jd0616