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AUDUSD stays below 0.8403 resistance

Discussion in 'Commodity vs Dollar' started by ForexCycle.com, Sep 8, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD stays below 0.8403 resistance and pulled back from 0.8353 level. Consolidation in a range between 0.8029 and 0.8403 would more likely be seen in a couple of days. Key resistance is now located at 0.8353, a break of this level will signal reversal to down trend, and then subsequent rebound could be seen to test 0.8693 resistance. However, below 0.8029 will take price back to down trend, and target would be at 0.7500 zone.


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