|
AUDUSD Analysis - July 24, 2010 |
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 24 July 2010 02:36 GMT
|
AUDUSD's bounce from 0.8066 extends to as high as 0.8970 level. Further rise is expected next week and next target would be at 0.9200 area. Key support is at 0.8632, only fall below this level could turn price back to 0.8400 zone.
For long term analysis, AUDUSD has formed a cycle bottom at 0.8066 level on weekly chart. Rise towards 0.9404 (2009 high) is expected in next several weeks.
 |
