AUDUSD Analysis - February 4, 2012 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 04 February 2012 04:28 GMT
AUDUSD's upward movement from 0.9861 extends to as high as 1.0793. Further rise is still possible next week, and next target would be at 1.0900 area. Support is at 1.0600, only a breakdown below this level could signal completion of the uptrend.

For long term analysis, AUDUSD had formed a cycle bottom at 0.9390 on weekly chart. Range trading between 0.9390 and 1.1080 is expected over the next several months.

audusd daily chart
 

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