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AUDUSD continued its sideways movement

Discussion in 'Technical Analysis' started by ForexCycle.com, Jan 31, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
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    AUDUSD continued its sideways movement in a range between 0.9803 and 1.0076. Lengthier consolidation in the range is still possible in a couple of days. Key support is at 0.9832, a breakdown below this level could trigger another fall to 0.9600 area. Key resistance is at 1.0076, above this level will indicate that the long term uptrend from 0.8066 (May 25, 2010 low) has resumed, then further rise towards 1.0500 could be seen.


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