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AUDUSD - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Saturday, September 30, 2006 at 02:55 GMT

AUDUSD is in down trend and further fall towards 0.7405 previous low support is still possible in the next week. Key resistance is now at 0.7577, only break above this level may signal the reversal to the down trend. For long term analysis, the pair is falling down to reach the next cycle bottom on weekly chart, and this cycle bottom would appear in the next several weeks.

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