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AUDUSD Weekly Analysis - January 12, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 January 2014 07:08 UTC
AUDUSD broke above the downward trend line on daily chart, suggesting that consolidation of the downtrend from 0.9756 is underway. Further rally could be expected in a couple of weeks, and the target would be at 0.9200 area. Key support is at 0.8820, only break below this level could trigger another fall towards 0.8500.

audusd chart

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