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AUDUSD remains in short term uptrend from 0.9280

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 13, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD remains in short term uptrend from 0.9280. Further rise to test 0.9526 resistance is still possible, a break above this level will signal resumption of the longer term uptrend from 0.8847 (Aug 5 low), then the following upward movement could bring price to 1.0000 zone. Support is now at the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the upward movement from 0.9280 has completed, then deeper decline to 0.9200 area could be seen.


    Provided by ForexCycle.com

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