AUDUSD Classic Technical Report 07.27.2012
Prices are approaching resistance at 1.0473 marked by the April 27 high and the top of a rising channel carved out since late June. A break higher exposes the next major upside barrier at 1.0636. Near-term support is in the 1.0225-1.0313 area.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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