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AUDUSD is facing 0.8906 support

Discussion in 'Technical Analysis' started by ForexCycle.com, Feb 26, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD is facing 0.8906 support, a breakdown this level will signal completion of the uptrend from 0.8660, then next target would be at 0.8780 area. On the upside, as long as 0.8906 support holds, the price action in the trading range between 0.8906 and 0.9080 would possibly be consolidation of the uptrend from 0.8660, one more rise to 0.9400 area to complete the upward movement is still possible.


    Provided by ForexCycle.com

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