International Trading

Technical Daily Analysis− $AUDUSD

Tuesday, August 31, 2010 , Posted by Usman Ali Minhas at 7:57 AM

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We are consolidating inside a channel and the failure to take out the .618 Fibo is bearish for the cross. The cross is sitting on strong support @ 0.8861 (R2). Will expect a run back to the bottom of the channel at 0.8772. A break north should produce a move back to the .500 fibo at 0.9008.
AUDUSD

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