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Australian Dollar Continues to Firm 03-10
Wednesday, 10 March 2010 16:23 GMT  |  Written by  Jamie Saettele, Sr. Technical Strategist
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9170 and 9300 are potential resistance levels for the AUDUSD. A drop below 9050 is needed in order to suggest that the larger trend has turned back down.

 DT310audusd

The AUDUSD is firm and while I am bigger picture bearish against 9334, the AUDUSD could continue to strengthen near term. 9170 and 9300 are potential resistance levels. A drop below 9050 is needed in order to suggest that the larger trend has turned back down.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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