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AUDUSD formed a cycle top at 0.9029

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 31, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD formed a cycle top at 0.9029 level on 4-hour chart. Range trading between 0.8771 and 0.9029 is expected in a couple of days. Key resistance is at 0.9029, a break above this level will indicate that the fall from 0.9221 has completed at 0.8771 already, then further rise towards 0.9221 previous high could be seen, only break below 0.8771 could trigger another fall to 0.8600 area.

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