Aug 20, 2008
AUDUSD Analysis
AUDUSD is forming a sideways consolidation in a range between 0.8591 and 0.8795. As long as 0.8795 resistance holds, we’d expect down trend to resume, and further fall towards 0.8400 level could be seen after consolidation. However, a break above 0.8795 level will bring price back to retest 0.8952 resistance.
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