Forex Analysis: AUDUSD Classic Technical Report 11.09.2012

DailyFX

Prices edged back below resistance-turned-support at 1.0410 to challenge a rising trend line set from the October 8 low (now at 1.0367), with a break below that exposing a multi-month range bottom at 1.0173. Alternatively, a push back above 1.0410 exposes long-term falling trend line resistance is at 1.0502. A push above that aims for 1.0578.

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Forex_Analysis_AUDUSD_Classic_Technical_Report_11.09.2012_body_Picture_5.png, Forex Analysis: AUDUSD Classic Technical Report 11.09.2012

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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