AUDUSD Classic Technical Report 08.16.2012
Prices have stalled above support at 1.0443, the July 19 high, after slipping below the 1.05 figure. A break lower from here exposes rising channel support at 1.0374. Alternatively, a break back above 1.05 targets a long-term falling trend line set late July 2011, now at 1.0606.
Daily Chart - Created Using FXCM Marketscope 2.0
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