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AUDUSD remains in uptrend from 0.8543

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 20, 2009.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD remains in uptrend from 0.8543 and the pullback from 0.8775 is treated as consolidation of uptrend. Near term support is at 0.8600, as long as this level holds, we’d expect uptrend to resume, and further rise to 0.8800 zone is possible after consolidation, and a break above 0.8775 will signal resumption of uptrend. However, below 0.8600 level will take price back to re-test 0.8543 support.


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