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AUDUSD remains in uptrend from 0.8080

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 17, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD remains in uptrend from 0.8080 and the price action from 0.8666 is more likely consolidation of uptrend. Another rise is still possible after consolidation and next target would be at 0.8800-0.8850 area. Key support is at 0.8505, only fall below this level will indicate that the uptrend from 0.8080 is complete.

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