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AUDUSD rose strongly to 1.0581

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 10, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD rose strongly to as high as 1.0581. Support is now at 1.0500, as long as this level holds, uptrend could b expected to continue, and next target would be at 1.0700 zone. However, below 1.0500 will indicate that a cycle top has been formed on 4-hour chart, then consolidation of uptrend could be seen.

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