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AUDUSD stays in a rising price channel

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

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.8567, as long as the channel support holds, the price action from 0.9269 is treated as consolidation of uptrend, and another rise towards 0.9400 is expected. Key support is located at 0.9112, below this level will indicate that the uptrend has completed at 0.9310 level already, then the following pullback could take price to 0.9000 zone.

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