Forex Analysis: AUDUSD Classic Technical Report 11.08.2012

DailyFX

Prices are retesting resistance-turned-support at 1.0410, with a break back below that exposing rising trend line support at 1.0357 and a range bottom at 1.0173. Long-term falling trend line resistance is at 1.0505, with a push above that targeting 1.0578.

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Forex_Analysis_AUDUSD_Classic_Technical_Report_11.08.2012_body_Picture_5.png, Forex Analysis: AUDUSD Classic Technical Report 11.08.2012

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

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