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AUDUSD remains in downtrend from 0.9756

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 30, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD remains in downtrend from 0.9756, and the fall extends to as low as 0.9441. Resistance is at 0.9565, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9350 area. On the upside, a break above 0.9565 resistance will indicate that the downtrend from 0.9756 had completed at 0.9441 already, then the following upward movement could bring price to 1.0000 zone.


    Provided by ForexCycle.com

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