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AUDUSD is forming a cycle top at 0.9215

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

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD is forming a cycle top at 0.9215 level on 4-hour chart. Range trading between 0.9100 and 0.9215 would more likely be seen in a couple of days. However, the price action from 1.9215 is treated as consolidation of uptrend from 0.9001, another rise towards 0.9300 would more likely be seen after consolidation, and a break above 0.9215 will signal resumption of uptrend.

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