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AUDUSD breaks above 0.8074

Discussion in 'Commodity vs Dollar' started by ForexCycle.com, Sep 18, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
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    AUDUSD breaks above 0.8074 and formed a short term cycle bottom at 0.7802 on 4-hour chart. Further rally to test 0.8262 resistance is possible later today. However, the rise from 0.7802 is treated as correction to down trend. Key resistance is located at 0.8353, only break thought this level will signal reversal to down trend.


    Daily Forex Analysis

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