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AUDUSD Analysis - Jul 23, 2008 Print E-mail
Written by ForexCycle.com   
Tuesday, 22 July 2008

AUDUSD is in consolidation to up trend. Pullback to test the support of the up trend line from 0.9327 to 0.9475 is possible. As long as the trend line support holds, we'd expect up trend to resume, and a break of 0.9849 will signal further rally to towards 1.0000 level.

For long term analysis, AUDUSD is in long term up trend. As long as 0.8953 support holds, we'd expect up trend to continue and further rise to 1.0500 level is expected.

audusd daily chart

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