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AUDUSD breaks above 0.8337

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 2, 2009.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD breaks above 0.8337 previous high resistance, suggesting that the uptrend from 0.7703 has resumed. Further rally is now in favor and next target is at 0.8500 zone. Near term support is at 0.8300, as long as this level holds, the short term uptrend from 0.8124 will continue. Key support is now located at the rising trend line from 0.7703 to 0.8124 now at 0.8195, below the trend line support will indicate that the rise from 0.7703 has completed.


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