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AUDUSD rebounded from 0.9832

Discussion in 'Technical Analysis' started by ForexCycle.com, Jan 23, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    Being supported by 0.9803, AUDUSD rebounded from 0.9832, however, another fall to re-test 0.9803 support is still possible later today, a breakdown below this level could trigger deeper decline to 0.9600 area. Resistance is at 0.9920, above this level will suggest that a cycle bottom has been formed at 0.9832 level on 4-hour chart, then further rise towards 1.0076 could be seen.


    Daily Forex Analysis

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