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AUDUSD is bottoming at 0.7722 level

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 9, 2009.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD is bottoming at 0.7722 level on 4-hour chart. Range trading between 0.7722 and 0.7950 would more likely be seen in a couple of days, and a break above 0.7950 will confirm the cycle bottom and suggest that the downtrend from 0.8155 has completed. Near term support is at 0.7722, only fall below this level will signal resumption of downtrend.


    Daily Forex Analysis

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