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AUDUSD broke off trading range

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 21, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD broke off the trading range between 1.0525 and 1.0798, and reached as high as 1.0856, suggesting that the sideways move has completed and the uptrend from 1.0390 has resumed. Further rise towards 1.1011 previous high could be seen in a couple of days. Support is now at 1.0790, as long as this level holds, uptrend will continue.

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