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AUDUSD breaks below 0.8678 key support

Discussion in 'Technical Analysis' started by ForexCycle.com, Feb 24, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD breaks below 0.8678 key support, suggesting that a short term cycle top has been formed at 0.9070 level on 4-hour chart and the uptrend from 0.8577 has completed. Pullback to 0.8750 area would more likely be seen in next several days.

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