Home  Long Term Forex Analysis AUDUSD Analysis - Apr 26, 2008
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AUDUSD Analysis - Apr 26, 2008 |
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Written by ForexCycle.com
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Friday, 25 April 2008 |
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AUDUSD broke above 0.9496 previous high and pulled back from 0.9541. Further fall to test 0.8953 previous low support is still possible, and a break of 0.9205 level will confirm such case. Key resistance is at 0.9541, only rise above this level will signal the resumption of the long term up trend.
For long term analysis, AUDUSD broke above 0.9496 previous high and is back to long term up trend. Further rise to 1.0000 level is expected after consolidation.
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