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AUDUSD remains in uptrend from 0.8890

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 10, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD remains in uptrend from 0.8890, the fall from 0.9133 is likely correction of the uptrend. Support is at 0.9000, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9250 area. On the downside, a breakdown below 0.9000 support will indicate that lengthier consolidation of the longer term uptrend from 0.8660 (Jan 24 low) is underway, then the pair will find support around 0.8900.


    Provided by ForexCycle.com

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