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AUDUSD stays in a rising price channel

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 16, 2010.

  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 0.8801. Further rally is still possible in a couple of days and next target would be at 0.9250-0.9300 area. Support is at the lower border of the price channel, as long as the channel support holds, uptrend may be expected to continue. Key support is at 0.9095, only fall below this level will indicate that the rise from 0.8801 has completed.

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