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AUDUSD’s upward movement extends to 0.9250

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 17, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    AUDUSD’s upward movement extends to as high as 0.9250 and remains in uptrend. However, now the pair is facing the upper border of the price channel on 4-hour chart, minor consolidation is expected later today. As long as the channel support holds, another rise to 93.00 could be seen after consolidation, a break above 0.9250 could signal resumption of uptrend.

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