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AUDUSD’s upward move extended to 0.9361

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 13, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected to continue, and next target would be at 0.9400 area. On the downside, the pair is now facing 0.9381 (Apr 12 high), minor consolidation would more likely be seen before breaking above this level, a break below 0.9260 support will indicate that minor consolidation of uptrend is underway, then pullback to 0.9200 could be seen.

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