Forex Analysis: AUDUSD Classic Technical Report 11.06.2012

Ilya Spivak

Tue, Nov 6, 2012, 9:40 AM

Prices are testing above resistance at 1.0410, with a confirmed breakout on a daily closing basis targeting long-term falling trend line resistance at 1.0507. A push above that initially exposes 1.0578. Rising trend line support is at 1.0343, with a drop below that targeting 1.0173.

Forex_Analysis_AUDUSD_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: AUDUSD Classic Technical Report 11.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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