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AUDUSD stays above a upward trend line

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 22, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9280. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9800 area. On the downside, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then pullback to 0.9600 area to complete the consolidation is possible.


    Provided by ForexCycle.com

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